GENERAL DYNAMICS CORP — Director's Dealing 2017

Mar 31, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GENERAL DYNAMICS CORP (GD)
CIK: 0000040533
Period of Report: 2017-03-29

Reporting Person: Burns Mark Lagrand (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-03-29	Common Stock	M	28520	$67.70	Acquired	48452.943	Direct
2017-03-29	Common Stock	S	16320	$187.818	Disposed	32132.943	Direct
2017-03-29	Common Stock	S	2755	$188.306	Disposed	29377.943	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-03-29	Stock Options	$67.70	M	28520	Disposed	2020-03-05	Common Stock (28520)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1029.75	Indirect

Footnotes

F1: Sale prices ranged from $187.24 to $188.23. 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 $188.24 to $188.40. 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: Includes share activity under General Dynamics 401(k) plan since date of reporting person's last ownership report.

F4: Fifty percent became exercisable on 03/06/2014 and the remaining fifty percent became exercisable on 03/06/2015.