X0303 4 2009-01-30 0000826675 DYNEX CAPITAL INC DX 0001235663 BENEDETTI STEPHEN J C/O DYNEX CAPITAL, INC. 4991 LAKE BROOK DRIVE, SUITE 100 GLEN ALLEN VA 23060 0 1 0 0 EVP, COO and CFO Common Stock 2009-01-30 4 P 0 295.466 7.08 A 20395.038 D Common Stock 2009-04-30 4 P 0 307.673 7.02 A 20702.711 D Common Stock 2009-07-31 4 P 0 266.502 8.37 A 20969.213 D Common Stock 2009-10-30 4 P 0 278.483 8.23 A 21247.696 D Common Stock 2010-02-01 4 P 0 261.194 9.02 A 21508.89 D Common Stock 2010-03-15 4 A 0 7500 0 A 29008.89 D Common Stock 16276.4128 I Through 401(k) Plan Includes 4,044.1093 shares acquired under the Dynex Capital, Inc. 401(k) Plan (the "401(k) Plan") since the last report. Previously, the 401(k) Plan holdings were inadvertently included in the reporting person's direct holdings. Stephen J. Benedetti 2010-03-19