GENERAL DYNAMICS CORP — Director's Dealing 2017

Mar 3, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GENERAL DYNAMICS CORP (GD)
CIK: 0000040533
Period of Report: 2017-03-01

Reporting Person: FRICKS WILLIAM P (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-03-01	Common Stock, $1.00 par value	A	390	$0.00	Acquired	43856	Direct
2017-03-02	Common Stock, $1.00 par value	M	5210	$74.81	Acquired	49066	Direct
2017-03-02	Common Stock, $1.00 par value	M	4580	$71.01	Acquired	53646	Direct
2017-03-02	Common Stock, $1.00 par value	M	6900	$67.70	Acquired	60546	Direct
2017-03-02	Common Stock, $1.00 par value	S	10146	$191.185	Disposed	50400	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-03-01	Stock Options	$191.71	A	2270	Acquired	2027-02-28	Common Stock (2270)	Direct
2017-03-02	Stock Options	$74.81	M	5210	Disposed	2018-03-01	Common Stock (5210)	Direct
2017-03-02	Stock Options	$71.01	M	4580	Disposed	2019-03-06	Common Stock (4580)	Direct
2017-03-02	Stock Options	$67.70	M	6900	Disposed	2020-03-05	Common Stock (6900)	Direct

Footnotes

F1: Represents shares of restricted stock subject to service-based vesting that will be released three years after the grant date.

F2: Sale prices ranged from $191.043 to $191.247. 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 become exercisable on 03/01/2019 and the remaining fifty percent become exercisable on 03/01/2020.

F4: Fifty percent became exercisable on 03/02/2012 and the remaining fifty percent became exercisable on 03/02/2013.

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

F6: Fifty percent became exercisable on 03/06/2014 and the remaining fifty percent became exercisable on 03/06/2015.