GENERAL DYNAMICS CORP — Director's Dealing 2016

Mar 4, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GENERAL DYNAMICS CORP (GD)
CIK: 0000040533
Period of Report: 2016-03-02

Reporting Person: CROWN JAMES S (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-03-02	Common Stock	A	520	—	Acquired	71216	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-03-02	Stock Options	$135.85	A	3220	Acquired	2026-03-01	Common Stock (3220)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5424092	Indirect
Common Stock	2511144	Indirect
Common Stock	7705112	Indirect
Common Stock	304800	Indirect

Footnotes

F1: Reflects shares of restricted stock that vest on December 31, 2018, subject to continued service conditions.

F2: Includes 2,480 shares of restricted stock.

F3: Owned by HCNI II LLC. The Reporting Person is a member of HCNI II LLC and is a general partner of its sole manager, Henry Crown and Company (Not incorporated). The Reporting Person disclaims beneficial ownership of the shares of Common Stock held by HCNI II LLC except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or for any other purpose.

F4: Owned by a partnership, Areljay, L.P., of which the Reporting Person is a beneficiary of a trust which is a partner, and a director, officer and shareholder of a corporation which is a partner. The Reporting Person disclaims beneficial ownership of the shares of Common Stock held by this entity except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or for any other purpose.

F5: Owned by a partnership, The Crown Fund, of which the Reporting Person is a partner. The Reporting Person disclaims beneficial ownership of the shares of Common Stock held by this entity except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or for any other purpose.

F6: Owned by a partnership, Crown Fund II, of which the Reporting Person is a partner. The Reporting Person disclaims beneficial ownership of the shares of Common Stock held by this entity except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all the reported shares for purposes of Section 16 or for any other purpose.

F7: One-half of the options vests and becomes exercisable on March 2, 2018 and the remaining half vests and becomes exercisable on March 2, 2019.