GENERAL DYNAMICS CORP — Director's Dealing 2012

Mar 29, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GENERAL DYNAMICS CORP (GD)
CIK: 0000040533
Period of Report: 2012-03-28

Reporting Person: DEMURO GERARD J (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-28	Common Stock, $1.00 par value	M	245606	$40.09	Acquired	411016	Direct
2012-03-28	Common Stock, $1.00 par value	S	245606	$72.969	Disposed	165410	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-28	Stock Options	$40.09	M	245606	Disposed	2014-03-03	Common Stock (245606)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $1.00 par value	5615	Indirect
Common Stock, $1.00 par value	5123.0783	Indirect

Footnotes

F1: Sale prices ranged from $72.75 to $73.527. Reporting Person will provide, upon request by the Commission staff, General Dynamics, or a General Dynamics shareholder, full information regarding the number of shares sold at each separate sales price.

F2: Includes share activity under General Dynamics 401(k) plan since date of reporting person's last ownership report.

F3: Fifty percent became exercisable on 3/4/10 and the remaining fifty percent became exercisable on 3/4/11.