In this investigation, exact particular realizations are sought for the microscopic statistical description which is associated with the classical dynamical system (CDS) formed by N identical smooth hard spheres subject to elastic collisions (S_N-CDS). The problem is posed in the framework of the ab initio statistical description of S_N-CDS recently developed. It is shown that the Liouville equation associated with S_N-CDS admits an exact particular solution for the N-body probability density function (PDF). This is factorized in terms of the i-th particle 1-body PDF (for all i = 1, N) via suitable weighting factors, which are denoted here as particle occupation coefficients. The latter are found to depend functionally only on the 1-body PDFs which areassociated with each of the remaining particles belonging to S_N-CDS. Furthermore, the 1-body PDF is proved to obey a well-defined statistical equation, referred to here as Master kinetic equation. This is an exact kinetic equation which