X0303 4 2009-12-31 0 0001379895 DYNEGY INC. DYN 0001222590 BIEGLER DAVID W C/O SOUTHCROSS ENERGY, LLC 1700 PACIFIC, SUITE 2900 DALLAS TX 75201 1 0 0 0 Phantom Stock 2009-12-31 4 A 0 9595.35 A Class A Common Stock 9595.35 105622.57 D These shares are held in a rabbi trust and are deemed to be phantom stock that are convertible on a 1-for-1 basis. Reflects shares of phantom stock issued to the Reporting Person pursuant to the Dynegy Inc. Deferred Compensation Plan for Certain Directors, as amended, a Rule 16b-3 Plan with the issuer. The shares of phantom stock were issued in connection with the Reporting Person's director compensation for the fourth quarter of 2009, and the number of shares of phantom stock issued with respect to the quarter was calculated based on the stock price of the issuer's Class A common stock of $1.82 (rounded) on December 31, 2009, the last trading day of the quarter. 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. /s/ Heidi D. Lewis, Attorney-in-Fact 2010-01-05