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GENERAL DYNAMICS CORP — Director's Dealing 2014
Mar 7, 2014
29892_dirs_2014-03-06_d413978d-9acf-43ac-87df-80f64b9688f8.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: GENERAL DYNAMICS CORP (GD)
CIK: 0000040533
Period of Report: 2014-03-04
Reporting Person: Kuryea Kimberly A (Vice President and Controller)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2014-03-04 | Common Stock, $1.00 par value | A | 855.687 | $0.00 | Acquired | 24231.687 | Direct |
| 2014-03-05 | Common Stock, $1.00 par value | A | 1500 | $0.00 | Acquired | 25731.687 | Direct |
| 2014-03-05 | Common Stock, $1.00 par value | A | 1500 | $0.00 | Acquired | 27231.687 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2014-03-05 | Stock Options | $112.40 | A | 24440 | Acquired | 2021-03-04 | Common Stock (24440) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock, $1.00 par value | 1000 | Indirect |
| Common Stock, $1.00 par value | 784.82 | Indirect |
Footnotes
F1: Represents additional performance restricted stock units (PRSUs) equal to accrued dividend equivalents on previously awarded PRSUs and additional units that were earned based on satisfaction of the performance metric, which was returned on invested capital. The PRSUs are subject to an additional three-year time-vesting period.
F2: Represents shares of restricted stock subject to service-based vesting that will be released approximately four years after the grant date.
F3: Represents a target number of PRSUs, each of which entitles the Reporting Person to receive one share of General Dynamics common stock. The number of PRSUs ultimately earned by the Reporting Person will be determined based on a performance metric tied to return on invested capital during the year of grant and may range from 0% to 200% of the target amount. Following the performance period, the earned PRSUs are subject to an additional three year time-vesting period.
F4: Includes share activity under General Dynamics 401(k) plan since date of reporting person's last ownership report.
F5: Fifty percent will become exercisable on 03/05/2015 and the remaining fifty percent will become exercisable on 03/05/2016.