X0202 4 2007-04-02 0 0001379895 DYNEGY INC. DYN 0001224167 OELKERS ROBERT C 6928 SHADOW CREEK COURT FORT WORTH TX 76132 1 0 0 0 Class A common stock 2007-04-02 4 A 0 5332 A 5332 D Stock Option (Right to Buy) 2.07 2007-04-02 4 A 0 6000 A 2012-09-05 Class A common stock 6000 6000 D Phantom Stock 2007-04-02 4 A 0 48159.18 A Class A common stock 48159.18 48159.18 D On April 2, 2007, Dynegy Inc., expected to be renamed Dynegy Illinois Inc. (the ?Predecessor?), merged into a wholly owned subsidiary (the ?Merger?) of Dynegy Acquisition, Inc., now known as Dynegy Inc. (the ?Issuer?). In connection with the Merger, each share of Predecessor common stock was converted into the right to receive one share of Issuer common stock. Each Predecessor stock option was converted into one Issuer stock option, with the same terms and conditions applicable to the Predecessor stock option, at the effective time of the Merger. 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 Issuer 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