GENERAL DYNAMICS CORP — Director's Dealing 2014

Oct 27, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GENERAL DYNAMICS CORP (GD)
CIK: 0000040533
Period of Report: 2014-10-24

Reporting Person: HEEBNER DAVID K (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-10-24	Common Stock, $1.00 par value	M	48260	$71.01	Acquired	204035.852	Direct
2014-10-24	Common Stock, $1.00 par value	S	10300	$130.505	Disposed	193735.852	Direct
2014-10-24	Common Stock, $1.00 par value	S	22666	$131.458	Disposed	171069.852	Direct
2014-10-24	Common Stock, $1.00 par value	S	15294	$132.268	Disposed	155775.852	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-10-24	Stock Options	$71.01	M	48260	Disposed	2019-03-06	Common Stock (48260)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $1.00 par value	3122.912	Indirect

Footnotes

F1: Sale prices ranged from $129.975 to $130.960. 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: Sale prices ranged from $130.980 to $131.975. 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.

F3: Sale prices ranged from $131.980 to $132.540. 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.

F4: Includes share activity under General Dynamics 401(k) plan since date of reporting person's last ownership report.

F5: Fifty percent became exercisable on 03/07/2013 and the remaining fifty percent became exercisable on 03/07/2014.