Phebe N. Novakovic - Mar 1, 2022 Form 4 Insider Report for GENERAL DYNAMICS CORP (GD)

Role
Chairman and CEO, Director
Signature
Blaise F. Brennan, by Power of Attorney
Stock symbol
GD
Transactions as of
Mar 1, 2022
Transactions value $
-$15,085,009
Form type
4
Date filed
3/3/2022, 03:18 PM
Previous filing
Jan 20, 2022
Next filing
Mar 9, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction GD Common Stock Options Exercise $34M +249K +34.82% $136.78 964K Mar 1, 2022 Direct
transaction GD Common Stock Tax liability -$46.8M -200K -20.81% $233.48 763K Mar 1, 2022 Direct
transaction GD Common Stock Award $0 +21.8K +2.86% $0.00 785K Mar 1, 2022 Direct F1
transaction GD Common Stock Tax liability -$2.31M -9.84K -1.25% $234.57 775K Mar 1, 2022 Direct F2
transaction GD Common Stock Award $0 +12.9K +1.66% $0.00 788K Mar 2, 2022 Direct F3
holding GD Common Stock 30K Mar 1, 2022 By LLC F4
holding GD Common Stock 5.44K Mar 1, 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 -249K -100% $0.00* 0 Mar 1, 2022 Common Stock 249K $136.78 Direct F6
transaction GD Stock Options Award $0 +116K $0.00 116K Mar 2, 2022 Common Stock 116K $232.90 Direct F7
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents performance stock units (PSUs) originally granted in 2019. Includes additional units issued upon achievement of the performance criteria, as well as accrued dividend equivalents. No further service-based vesting is required. The PSUs and dividend equivalents are settled in shares of common stock.
F2 Withholding of shares of Common Stock under General Dynamics Corporation equity compensation plan to satisfy tax withholding obligations on release of restricted shares.
F3 Represents shares of restricted stock subject to service-based vesting that will be released three years after the grant date.
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 03/04/2017 and the remaining fifty percent became exercisable on 03/04/2018.
F7 Fifty percent become exercisable on 03/02/2024 and the remaining fifty percent become exercisable on 03/02/2025.