GENERAL DYNAMICS CORP — Director's Dealing 2014

Jun 10, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GENERAL DYNAMICS CORP (GD)
CIK: 0000040533
Period of Report: 2014-06-09

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-06-09	Common Stock, $1.00 par value	M	79140	$73.49	Acquired	379984.082	Direct
2014-06-09	Common Stock, $1.00 par value	M	10400	$77.33	Acquired	390384.082	Direct
2014-06-09	Common Stock, $1.00 par value	S	67566	$120.622	Disposed	322818.082	Direct
2014-06-09	Common Stock, $1.00 par value	S	3972	$121.617	Disposed	318846.082	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-06-09	Stock Options	$73.49	M	79140	Disposed	2015-03-02	Common Stock (79140)	Direct
2014-06-09	Stock Options	$77.33	M	10400	Disposed	2015-04-29	Common Stock (10400)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $1.00 par value	3127.681	Indirect

Footnotes

F1: Sale prices ranged from $120.29 to $121.285. 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 $121.60 to $121.66. 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 03/03/2011 and the remaining fifty percent became exercisable on 03/03/2012.

F5: Fifty percent became exercisable on 04/30/2011 and the remaining fifty percent became exercisable on 04/30/2012.