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GENERAL DYNAMICS CORP — Director's Dealing 2018
Mar 8, 2018
29892_dirs_2018-03-08_5d647fe0-ae39-4c64-a81a-989de94b0fe3.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: GENERAL DYNAMICS CORP (GD)
CIK: 0000040533
Period of Report: 2018-03-06
Reporting Person: Whited Gary L (Vice President)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-03-06 | Common Stock | M | 7405 | $71.01 | Acquired | 34181 | Direct |
| 2018-03-06 | Common Stock | S | 5977 | $224.518 | Disposed | 28204 | Direct |
| 2018-03-06 | Common Stock | A | 2901 | $0.00 | Acquired | 31105 | Direct |
| 2018-03-07 | Common Stock | F | 1265 | $223.93 | Disposed | 29840 | Direct |
| 2018-03-07 | Common Stock | A | 1405 | $0.00 | Acquired | 31245 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-03-06 | Stock Options | $71.01 | M | 7405 | Disposed | 2019-03-06 | Common Stock (7405) | Direct |
| 2018-03-07 | Stock Options | $223.93 | A | 16800 | Acquired | 2028-03-06 | Common Stock (16800) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 834.043 | Indirect |
Footnotes
F1: Sale prices ranged from $224.473 to $224.545. 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: Represents performance restricted stock units (PRSUs) originally granted in 2015. Includes additional units issued upon achievement of the performance criteria, as well as accrued dividend equivalents. No further service-based vesting is required. The PRSUs and dividend equivalents are settled in shares of common stock.
F3: Withholding of shares of Common Stock under General Dynamics Corporation 2012 Equity Compensation Plan to satisfy tax withholding obligations on release of PRSUs.
F4: Represents shares of restricted stock subject to service-based vesting that will be released three years after the grant date.
F5: Includes share activity under General Dynamics 401(k) plan since date of reporting person's last ownership report.
F6: Fifty percent became exercisable on 03/07/2013 and the remaining fifty percent became exercisable on 03/07/2014.
F7: Fifty percent become exercisable on 03/07/2020 and the remaining fifty percent become exercisable on 03/07/2021.