DTV » Topics » 2006 SUPPLEMENTARY TABLE 4-CHANGE IN PENSION VALUE AND NONQUALIFIED DEFERRED COMPENSATION EARNINGS

This excerpt taken from the DTV DEF 14A filed Apr 27, 2007.

2006 SUPPLEMENTARY TABLE 4—CHANGE IN PENSION VALUE
AND NONQUALIFIED DEFERRED COMPENSATION EARNINGS

Name
(a)

  Change in Pension
Value
($)
(b)

  Nonqualified Deferred
Compensation Plan Earnings
($)
(c)

Chase Carey   321,558   0
Michael W. Palkovic   184,125   0
Bruce B. Churchill   117,749   0
Larry D. Hunter   356,067   0
Romulo Pontual   66,136   0

        Assumptions Underlying the Actuarial Change in Pension Values.    The amounts shown in column (b) of 2006 Supplementary Table 4 are the differences between the present value of Pension and Excess Pension benefits at the end of 2006 and at the prior year-end. The assumed retirement age is the earlier of the normal retirement age defined in the plan, age 65, and the earliest unreduced retirement

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age where applicable. No pre-retirement decrements are used in these calculations. Refer to Note 11: Pension and Other Postretirement Benefit Plans of the Notes to the Consolidated Financial Statements of our Form 10-K for the fiscal year ended December 31, 2006 for a discussion of the assumptions made in the valuation of the amounts shown in column (b) of 2006 Supplementary Table 4.

        The amounts in column (c) of 2006 Supplementary Table 4 only reflect the earnings that are considered above market rates. The amounts shown are zero because earnings are based on investment funds that mirror those in the 401-K Plan, shares of DIRECTV Common Stock and interest that approximates 120% of 10-year Treasury note rates. Thus, no portion of an executive's earnings on nonqualified deferred compensation is above market rates. For additional information about the nonqualified deferred compensation plans and the earnings for those plans, see the Nonqualified Deferred Compensation Table on page 45.

        All Other Compensation.    All other compensation is included in column (g) of the 2006 Summary Compensation Table excluding the value of health and welfare benefit programs that generally are provided to all other employees. However, in 2006 Supplementary Table 5 and the following discussion, we have identified the nature of perquisites and other personal benefits but have only quantified perquisites and other benefits that exceeded $25,000 in value.

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