Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
WHITE MICHAEL D
  2. Issuer Name and Ticker or Trading Symbol
DIRECTV [DTV]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chairman, President and CEO
(Last)
(First)
(Middle)
C/O DIRECTV, 2230 EAST IMPERIAL HIGHWAY
3. Date of Earliest Transaction (Month/Day/Year)
12/31/2012
(Street)

EL SEGUNDO, CA 90245
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/31/2012   M(1)(2)   337,034 A $ 33.74 626,331 (3) D  
Common Stock 12/31/2012   F(4)   278,855 D $ 49.6246 347,476 D  

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) $ 33.74 12/31/2012   M(1)(2)     337,034 12/31/2012 01/04/2020 Common Sstock 337,034 (5) 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
WHITE MICHAEL D
C/O DIRECTV
2230 EAST IMPERIAL HIGHWAY
EL SEGUNDO, CA 90245
  X     Chairman, President and CEO  

Signatures

 Janet L. Williamson, Attorney-in-Fact   01/02/2013
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Exercise of stock options granted pursuant to Rule 16b-3 qualified DIRECTV 2010 Stock Plan.
(2) Options exercised pursuant to a plan entered into on November 26, 2012 relating solely to stock options vesting on December 31, 2012 and intended to comply with the requirements of Rule 10b5-1 of the Securities Exchange Act of 1934.
(3) This total includes shares represented by 337,034 options exercised by Mr. White which was then offset by 278,855 shares withheld by the Company to cover the option exercise price and applicable tax withholding pursuant to a net exercise alternative permitted by the Company. The result was a net acquisition by Mr. White of 58,179 shares, which together with 289,297 shares he owned prior to the transaction, brings his beneficially owned share count to 347,476.
(4) Shares withheld for payment of exercise price and tax withholding.
(5) Employee stock option granted pursuant to Rule 16b-3 qualified DIRECTV 2010 Stock Plan.

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