GENERAL DYNAMICS CORP — Director's Dealing 2013

May 6, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GENERAL DYNAMICS CORP (GD)
CIK: 0000040533
Period of Report: 2013-05-02

Reporting Person: NOVAKOVIC PHEBE N (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-05-02	Common Stock, $1.00 par value	M	90650	$40.09	Acquired	274214	Direct
2013-05-02	Common Stock, $1.00 par value	S	69336	$74.128	Disposed	204878	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-05-02	Stock Options	$40.09	M	90650	Disposed	2014-03-03	Common Stock (90650)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $1.00 par value	4478.043	Indirect

Footnotes

F1: Sale prices ranged from $73.72 to $74.41. 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 3/4/2010 and the remaining fifty percent became exercisable on 3/4/2011.