X0202 4 2007-04-02 0 0001379895 DYNEGY INC. DYN 0001222590 BIEGLER DAVID W C/O ESTRELLA ENERGY 1700 PACIFIC, SUITE 2350 DALLAS TX 75201 1 0 0 0 Class A common stock 2007-04-02 4 A 0 10000 A 10000 D Phantom Stock 2007-04-02 4 A 0 43369.91 A Class A common stock 43369.91 43369.91 D On April 2, 2007, Dynegy Inc. (the ?Issuer?) merged into a wholly owned subsidiary (the ?Merger?) of Dynegy Acquisition, Inc., now known as Dynegy Inc. (the ?Successor?). In connection with the Merger, each share of Issuer common stock was converted into the right to receive one share of Successor common stock. These shares of phantom stock are convertible to Class A common stock on a 1-for-1 basis. Upon termination of the Reporting Person?s service as a director, the shares of phantom stock become payable, at the election of the Reporting Person, in a lump sum payment or in monthly, quarterly or annual installment payments following such termination. The shares of phantom stock are payable in cash or in shares of Class A common stock. Each share of Predecessor phantom stock was converted into one share of Issuer phantom stock, with the same terms and conditions applicable to the Predecessor phantom stock, at the effective time of the Merger. /s/ Heidi D. Lewis, Attorney-in-Fact 2007-04-04