GENERAL DYNAMICS CORP — Director's Dealing 2014

Aug 22, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GENERAL DYNAMICS CORP (GD)
CIK: 0000040533
Period of Report: 2014-08-20

Reporting Person: HEEBNER DAVID K (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-08-20	Common Stock, $1.00 par value	M	47500	$71.01	Acquired	203275.852	Direct
2014-08-20	Common Stock, $1.00 par value	S	32138	$123.13	Disposed	171137.852	Direct
2014-08-20	Common Stock, $1.00 par value	S	15362	$123.525	Disposed	155775.852	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-08-20	Stock Options	$71.01	M	47500	Disposed	2019-03-06	Common Stock (47500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $1.00 par value	3122.98	Indirect

Footnotes

F1: Sale prices ranged from $122.393 to $123.39. 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 $123.394 to $123.730. 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: Includes share activity under General Dynamics 401(k) plan since date of reporting person's last ownership report.

F4: Fifty percent became exercisable on 03/07/2013 and the remaining fifty percent became exercisable on 03/07/2014.