Mark Lagrand Burns Form 3 GENERAL DYNAMICS / Mark Lagrand Burns ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

Burns Mark Lagrand

(Last) (First) (Middle)

C/O GENERAL DYNAMICS CORPORATION

2941 FAIRVIEW PARK DRIVE

(Street)

FALLS CHURCH VA 22042

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/01/2015

3. Issuer Name and Ticker or Trading Symbol
GENERAL DYNAMICS CORP [ GD ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Vice President

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, $1.00 par value	5,899	D
Common Stock, $1.00 par value	6,170(1)	D
Common Stock, $1.00 par value	5,405.05(2)	D
Common Stock, $1.00 par value	996.012	I	401(k) Plan

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options	(3)	03/06/2019	Common Stock	9,345	71.01	D
Stock Options	(4)	03/05/2020	Common Stock	28,520	67.7	D
Stock Options	(5)	03/04/2021	Common Stock	22,410	112.4	D
Stock Options	(6)	03/03/2025	Common Stock	11,730	136.78	D

Explanation of Responses:

1. Represents shares of restricted stock subject to service-based vesting that will be released approximately four years after the grant date.

2. Represents performance restricted stock units (PRSUs) and accrued dividend equivalents that have been earned based on satisfaction of the performance metric, which was return on invested capital. The PRSUs are subject to additional time-vesting requirements.

3. Fifty percent became exercisable on 03/07/2013 and the remaining fifty percent became exercisable on 03/07/2014.

4. Fifty percent became exercisable on 03/06/2014 and the remaining fifty percent became exercisable on 03/06/2015.

5. Fifty percent became exercisable on 03/05/2015 and the remaining fifty percent will become exercisable on 03/05/2016.

6. Fifty percent will become exercisable on 03/04/2017 and the remaining fifty percent will become exercisable on 03/04/2018.

Remarks:

	L. Neal Wheeler, by Power of Attorney	07/06/2015
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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