X0303 4 2010-10-15 1 0000826675 DYNEX CAPITAL INC DX 0001055099 FELMAN LEON A C/O DYNEX CAPITAL, INC. 4991 LAKE BROOK DRIVE, SUITE 100 GLEN ALLEN VA 23060 1 0 0 0 Common Stock 2010-10-15 4 J 0 3200 0 A 13200 D Common Stock 2010-10-15 4 J 0 777 0 A 1132 I By Leon A. Felman IRA Common Stock 2010-10-15 4 J 0 10848 0 A 42237 I By Leon A. Felman IRA Rollover Common Stock 2010-10-15 4 J 0 30826 0 A 74273 I By Homebaker Brand Profit Sharing Plan Common Stock 2010-10-15 4 J 0 9614 0 A 20751 I By Leon A. Felman Keogh Profit Sharing Plan Common Stock 2010-10-15 4 J 0 11840 0 A 33918 I By the Felman Family Trust dated 4/28/99 Common Stock 2010-10-15 4 J 0 2555 0 A 10975 I By HLF Corporation Common Stock 2010-10-15 4 J 0 626 0 A 904 I By Harriet Felman IRA Common Stock 15000 I By the Leon A. Felman Family Trust dated 2000 Series D Preferred Stock 2010-10-15 4 J 0 3200 0 D Common Stock 3200 0 D Series D Preferred Stock 2010-10-15 4 J 0 777 0 D Common Stock 777 0 I By Leon A. Felman IRA Series D Preferred Stock 2010-10-15 4 J 0 10848 0 D Common Stock 10848 0 I By Leon A. Felman IRA Rollover Series D Preferred Stock 2010-10-15 4 J 0 30826 0 D Common Stock 30826 0 I By Homebaker Brand Profit Sharing Plan Series D Preferred Stock 2010-10-15 4 J 0 9614 0 D Common Stock 9614 0 I By Leon A. Felman Keogh Profit Sharing Plan Series D Preferred Stock 2010-10-15 4 J 0 11840 0 D Common Stock 11840 0 I By the Felman Family Trust dated 4/28/99 Series D Preferred Stock 2010-10-15 4 J 0 2555 0 D Common Stock 2555 0 I By HLF Corporation Series D Preferred Stock 2010-10-15 4 J 0 626 0 D Common Stock 626 0 I By Harriet Felman IRA On October 15, 2010, Dynex Capital, Inc. redeemed all of its Series D Preferred Stock in exchange for shares of its common stock at a one-for-one redemption ratio, in accordance with the terms of the Series D Preferred Stock. Before such redemption, the Series D Preferred Stock was convertible into common stock at any time on a one-for-one basis, with no expiration date. The full name of the Series D Preferred Stock is "Series D 9.50% Cumulative Convertible Preferred Stock." Alison G. Griffin, as attorney-in-fact for Leon A. Felman 2010-10-19