GENERAL DYNAMICS CORP — Director's Dealing 2014

May 30, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GENERAL DYNAMICS CORP (GD)
CIK: 0000040533
Period of Report: 2014-05-29

Reporting Person: Whited Gary L (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-05-29	Common Stock, $1.00 par value	M	8540	$73.49	Acquired	28177.899	Direct
2014-05-29	Common Stock, $1.00 par value	M	6715	$74.81	Acquired	34892.899	Direct
2014-05-29	Common Stock, $1.00 par value	S	12252	$117.533	Disposed	22640.899	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-05-29	Stock Options	$73.49	M	8540	Disposed	2015-03-02	Common Stock (8540)	Direct
2014-05-29	Stock Options	$74.81	M	6715	Disposed	2018-03-01	Common Stock (6715)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $1.00 par value	368.861	Indirect

Footnotes

F1: Sale prices ranged from $117.48 to $117.62. 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 03/03/2011 and the remaining fifty percent became exercisable on 03/03/2012.

F4: Fifty percent became exercisable on 03/02/2012 and the remaining fifty percent became exercisable on 03/02/2013.