X0304 4 2011-11-29 0000067215 DYCOM INDUSTRIES INC DY 0001328107 Baxter Thomas G 11770 U.S. HIGHWAY 1 SUITE 101 PALM BEACH GARDENS FL 33408 1 0 0 0 Common Stock 2011-11-29 4 M 0 5000 5.13 A 30550 D Common Stock 2011-11-30 4 S 0 5000 19.83 D 25550 D Employee Stock Option (right to buy) 5.13 2011-11-29 4 M 0 5000 0 D 2018-11-24 Common Stock 5000 5000 D This price is a weighted average price. These shares were sold in multiple transactions at prices ranging from $19.83 to $19.85, inclusive. The reporting person undertakes to provide to Dycom Industries, Inc., any security holder of Dycom Industries, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range set forth in this footnote (1). The option vests in four equal annual installments on November 24, 2009, November 23, 2010, November 22, 2011 and November 20, 2012. No consideration was paid for the derivative security. Richard B. Vilsoet, Attorney-in-Fact for Thomas G. Baxter 2011-12-01