GENERAL DYNAMICS CORP — Director's Dealing 2016

May 12, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GENERAL DYNAMICS CORP (GD)
CIK: 0000040533
Period of Report: 2016-05-10

Reporting Person: NOVAKOVIC PHEBE N (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-10	Common Stock, $1.00 par value	M	97120	$74.81	Acquired	490489.06	Direct
2016-05-10	Common Stock, $1.00 par value	F	74130	$144.99	Disposed	416359.06	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-05-10	Stock Options	$74.81	M	97120	Disposed	2018-03-01	Common Stock (97120)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $1.00 par value	4798.324	Indirect

Footnotes

F1: Includes share activity under General Dynamics 401(k) plan since date of reporting person's last ownership report.

F2: Fifty percent became exercisable on 03/02/2012 and the remaining fifty percent became exercisable on 03/02/2013.