GENERAL DYNAMICS CORP — Director's Dealing 2014

May 12, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GENERAL DYNAMICS CORP (GD)
CIK: 0000040533
Period of Report: 2014-05-09

Reporting Person: CROWN JAMES S (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-05-09	Phantom Stock Units	$	A	15.355	Acquired		Common Stock (15.355)	Direct

Footnotes

F1: Convertible on a 1-for-1 basis for cash equal to the average of the fair market value of Common Stock as of the date of conversion, which on the transaction date was $111.94 per share.

F2: Payable at Reporting Person's retirement.

F3: Acquired pursuant to General Dynamics Corporation's director compensation plan.