X0306 4 2016-03-08 0 0001379895 DYNEGY INC. DYN 0001573115 Jones Henry D. 601 TRAVIS STREET SUITE 1400 HOUSTON TX 77002 0 1 0 0 EVP & Chief Commercial Officer Common Stock 61646 D Employee Stock Option (Right to Buy) 0.00 2016-03-08 4 A 0 60309 0 A 2026-03-08 Common Stock 60309 60309 D Restricted Stock Units 2016-03-08 4 A 0 33391 11.05 A Common Stock 33391 33391 D Amount includes 15,202 restricted stock units that vest on April 1, 2016, 4,631 restricted stock units that vest on March 3, 2017 and 7,709 restricted stock units that vest in two annual equal installments beginning on March 3, 2017. The grants of the stock options were approved by a committee of the Issuer's Board of Directors on March 8, 2016. Option grant pursuant to rule 16b-3(d). The option becomes exercisable in three annual equal installments beginning March 8, 2017. The grants of the restricted stock units were approved by a committee of the Issuer's Board of Directors on March 8, 2016. Restricted stock unit grant pursuant to Rule 16(b)-3(d). Each restricted stock unit represents a contingent right to receive one share of Dynegy Inc. common stock, if additional shares under the Issuer's Long Term Incentive Plan are approved by stockholders, or, if not approved, the cash equivalent of one share of common stock. The restricted stock units vest in three annual equal installments beginning on March 8, 2017. /s/ Heidi D. Lewis, Attorney-in-Fact 2016-03-10