GENERAL DYNAMICS CORP — Director's Dealing 2018

Mar 8, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GENERAL DYNAMICS CORP (GD)
CIK: 0000040533
Period of Report: 2018-03-06

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-03-06	Common Stock	A	39736	$0.00	Acquired	402376	Direct
2018-03-07	Common Stock	F	17921	$223.93	Disposed	384455	Direct
2018-03-07	Common Stock	M	14720	$71.01	Acquired	399175	Direct
2018-03-07	Common Stock	F	9485	$225.42	Disposed	389690	Direct
2018-03-07	Common Stock	M	39500	$67.90	Acquired	429190	Direct
2018-03-07	Common Stock	F	25173	$225.45	Disposed	404017	Direct
2018-03-07	Common Stock	A	15630	$0.00	Acquired	419647	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-03-07	Stock Options	$71.01	M	14720	Disposed	2019-03-06	Common Stock (14720)	Direct
2018-03-07	Stock Options	$67.90	M	39500	Disposed	2019-05-01	Common Stock (39500)	Direct
2018-03-07	Stock Options	$223.93	A	186460	Acquired	2028-03-06	Common Stock (186460)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4945.238	Indirect

Footnotes

F1: 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.

F2: Withholding of shares of Common Stock under General Dynamics Corporation 2012 Equity Compensation Plan to satisfy tax withholding obligations on release of PRSUs.

F3: Represents shares of restricted stock subject to service-based vesting that will be released three years after the grant date.

F4: Includes share activity under General Dynamics 401(k) plan since date of reporting person's last ownership report.

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 05/02/2013 and the remaining fifty percent became exercisable 05/02/2014.

F7: Fifty percent become exercisable on 03/07/2020 and the remaining fifty percent become exercisable on 03/07/2021.