GENERAL DYNAMICS CORP — Director's Dealing 2015

May 27, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GENERAL DYNAMICS CORP (GD)
CIK: 0000040533
Period of Report: 2015-05-26

Reporting Person: FLYNN LARRY R (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-05-26	Common Stock, $1.00 par value	M	57340	$67.70	Acquired	113162.256	Direct
2015-05-26	Common Stock, $1.00 par value	S	53800	$138.008	Disposed	59362.256	Direct
2015-05-26	Common Stock, $1.00 par value	S	3540	$138.616	Disposed	55822.256	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-05-26	Stock Options	$67.70	M	57340	Disposed	2020-03-05	Common Stock (57340)	Direct

Footnotes

F1: Sale prices ranged from $137.52 to $138.50. 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 $138.54 to $138.77. 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: Fifty percent became exercisable on 03/06/2014 and the remaining fifty percent became exercisable on 03/06/2015.