SEC Form 4 · accession 0001209191-18-017980
GENERAL DYNAMICS CORP · GD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Phebe N Novakovic
Officer — Chairman and CEO · Director
Period of report
Mar 6, 2018
Accepted (ET)
Mar 8, 2018 · 3:55 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000040533
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 6, 2018 | A | 39,736 | $0.00 | A | 402,376 | D | |
| Common StockF2 | Mar 7, 2018 | F | 17,921 | $223.93 | D | 384,455 | D | |
| Common Stock | Mar 7, 2018 | M | 14,720 | $71.01 | A | 399,175 | D | |
| Common Stock | Mar 7, 2018 | F | 9,485 | $225.42 | D | 389,690 | D | |
| Common Stock | Mar 7, 2018 | M | 39,500 | $67.90 | A | 429,190 | D | |
| Common Stock | Mar 7, 2018 | F | 25,173 | $225.45 | D | 404,017 | D | |
| Common StockF3 | Mar 7, 2018 | A | 15,630 | $0.00 | A | 419,647 | D | |
| Common StockF4 | holding | — | — | — | 4,945 | I | 401(k) Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF5 | $71.01 | Mar 7, 2018 | M | 14,720 | D | — | Mar 6, 2019 | Common Stock | 14,720 | 0 | D |
| Stock OptionsF6 | $67.90 | Mar 7, 2018 | M | 39,500 | D | — | May 1, 2019 | Common Stock | 39,500 | 0 | D |
| Stock OptionsF7 | $223.93 | Mar 7, 2018 | A | 186,460 | A | — | Mar 6, 2028 | Common Stock | 186,460 | 186,460 | D |
Explanation of responses
- F1Represents 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.
- F2Withholding of shares of Common Stock under General Dynamics Corporation 2012 Equity Compensation Plan to satisfy tax withholding obligations on release of PRSUs.
- F3Represents shares of restricted stock subject to service-based vesting that will be released three years after the grant date.
- F4Includes share activity under General Dynamics 401(k) plan since date of reporting person's last ownership report.
- F5Fifty percent became exercisable on 03/07/2013 and the remaining fifty percent became exercisable on 03/07/2014.
- F6Fifty percent became exercisable 05/02/2013 and the remaining fifty percent became exercisable 05/02/2014.
- F7Fifty percent become exercisable on 03/07/2020 and the remaining fifty percent become exercisable on 03/07/2021.