GENERAL DYNAMICS CORP — Director's Dealing 2014

Feb 10, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GENERAL DYNAMICS CORP (GD)
CIK: 0000040533
Period of Report: 2014-02-06

Reporting Person: FLYNN LARRY R (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-06	Common Stock, $1.00 par value	M	18640	$73.49	Acquired	75678	Direct
2014-02-06	Common Stock, $1.00 par value	M	24280	$74.81	Acquired	99958	Direct
2014-02-06	Common Stock, $1.00 par value	M	4000	$63.79	Acquired	103958	Direct
2014-02-06	Common Stock, $1.00 par value	M	18195	$71.01	Acquired	122153	Direct
2014-02-06	Common Stock, $1.00 par value	S	65115	$101.14	Disposed	57038	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-06	Stock Options	$73.49	M	18640	Disposed	2015-03-02	Common Stock (18640)	Direct
2014-02-06	Stock Options	$74.81	M	24280	Disposed	2018-03-01	Common Stock (24280)	Direct
2014-02-06	Stock Options	$63.79	M	4000	Disposed	2018-08-31	Common Stock (4000)	Direct
2014-02-06	Stock Options	$71.01	M	18195	Disposed	2019-03-06	Common Stock (18195)	Direct

Footnotes

F1: Sale prices ranged from $101.02 to $101.44. 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: Fifty percent became exercisable on 03/03/2011 and the remaining fifty percent become exercisable on 03/03/2012.

F3: Fifty percent became exercisable on 03/02/2012 and the remaining fifty percent became exercisable on 03/02/2013.

F4: Fifty percent become exercisable on 09/01/2012 and the remaining fifty percent became exercisable on 09/01/2013.

F5: Fifty percent became exercisable on 03/07/2013 and the remaining fifty percent will become exercisable on 03/07/2014.