X0303 4 2010-07-08 0 0001419521 Hatteras Financial Corp HTS 0001431586 Steele Kenneth A 110 OAKWOOD DRIVE SUITE 340 WINSTON SALEM NC 27103 0 1 0 0 CFO, Treasurer and Secretary Common Stock 2010-07-08 4 A 0 15985 A 57884 D Common Stock 1727 I By Atlantic Capital Advisors LLC The securities were granted to the reporting person pursuant to the Issuer's 2007 Equity Incentive Plan and will vest in five equal annual installments beginning on July 8, 2011, provided the reporting person remains an executive officer of the Issuer on the vesting date. The reporting person is a member of the limited liability company that owns the reported securities. The reporting person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. /s/ Kenneth A. Steele 2010-07-12