X0306 4 2017-02-15 0000826675 DYNEX CAPITAL INC DX 0001283563 BOSTON BYRON L C/O DYNEX CAPITAL, INC. 4991 LAKE BROOK DRIVE, SUITE 100 GLEN ALLEN VA 23060 1 1 0 0 President, CEO and co-CIO Common Stock 2017-02-15 4 F 0 34596 6.69 D 457187 D Common Stock 2017-02-16 4 A 0 56654 0 A 513841 D Common Stock 2017-02-16 4 A 0 8574 0 A 522415 D Reflects shares withheld upon vesting of restricted stock to satisfy tax withholding obligations. Restricted shares issued to the reporting person representing 50% of the reporting person's bonus earned under the short-term incentive component of the Dynex Capital, Inc. Executive Incentive Plan for the performance period ended December 31, 2016. The shares vest in three equal annual installments beginning February 15, 2018. Unrestricted shares issued to the reporting person representing 50% of the reporting person's bonus earned under the long-term incentive component of the Dynex Capital, Inc. Executive Incentive Plan for the performance period ended December 31, 2016. Stephen J. Benedetti, as attorney-in-fact for Byron L. Boston 2017-02-17