X0303 4 2010-04-28 0 0000766701 CAPSTEAD MORTGAGE CORP CMO 0001227799 LOW PAUL M 8401 N. CENTRAL EXPRESSWAY SUITE 800 DALLAS TX 75225 1 0 0 0 Common Stock 2010-04-28 4 A 0 2000 0 A 38205 D Common Stock 0 I by Trust Award of restricted shares to each non-employee director from the Amended and Restated 2004 Flexible Long-Term Incentive Plan as part of the director's annual retainer. The award will vest in full on April 15, 2011 with the expectation that each director will retain all the shares. The shares are held in a trust account for the benefit of the reporting person's granddaughter. The reporting person is co-trustee and has investment control over the trust. By: Kelly L. Sargent For: Paul M. Low 2010-04-30