Phebe N. Novakovic - 08 Aug 2022 Form 4 Insider Report for GENERAL DYNAMICS CORP (GD)

Role: Chairman and CEO, Director
Signature: Nicholas R. Barnaby, by Power of Attorney
Issuer symbol: GD
Transactions as of: 08 Aug 2022
Net transactions value: -$29,660,546
Form type: 4
Filing time: 10 Aug 2022, 15:49:46 UTC
Previous filing: 01 Jul 2022
Next filing: 03 Oct 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	GD	Common Stock	Options Exercise	$43,507,321	+320,260	+41%	$135.85	1,101,412	08 Aug 2022	Direct
transaction	GD	Common Stock	Tax liability	$56,942,627	-248,799	-23%	$228.87	852,613	08 Aug 2022	Direct
transaction	GD	Common Stock	Sale	$9,506,008	-41,926	-4.9%	$226.73	810,687	09 Aug 2022	Direct	F1
transaction	GD	Common Stock	Sale	$6,650,787	-29,235	-3.6%	$227.49	781,452	09 Aug 2022	Direct	F2
transaction	GD	Common Stock	Sale	$68,445	-300	-0.04%	$228.15	781,152	09 Aug 2022	Direct	F3
holding	GD	Common Stock						30,000	08 Aug 2022	By LLC	F4
holding	GD	Common Stock						5,495	08 Aug 2022	401(k) Plan	F5

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	GD	Stock Options	Options Exercise	$0	-320,260	-100%	$0.000000^*	0	08 Aug 2022	Common Stock	320,260	$135.85	Direct	F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Sale prices ranged from $226.13 to $227.12. 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 $227.13 to $228.12. 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	Sale prices ranged from $228.13 to $228.17. 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.
F4	Represents shares held by a limited liability company for which the Reporting Person serves as manager and the members of which are trusts for the benefit of the Reporting Person's children.
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 03/02/2018 and the remaining fifty percent became exercisable on 03/02/2019.