Poitras Kevin J 4
4 · GENERAL DYNAMICS CORP · Filed Mar 8, 2013
Insider Transaction Report
Form 4
Poitras Kevin J
Vice President
Transactions
- Award
Common Stock, $1.00 par value
2013-03-06+3,060→ 8,621 total - Award
Stock Options
2013-03-06+47,130→ 47,130 totalExercise: $67.70Exp: 2020-03-05→ Common Stock (47,130 underlying) - Disposition to Issuer
Common Stock, $1.00 par value
2013-03-05−2,055.707→ 5,561 total - Award
Common Stock, $1.00 par value
2013-03-06+3,060→ 11,681 total
Footnotes (4)
- [F1]Represents restricted stock units ("RSUs") granted in 2012 and accrued dividend equivalents that were forfeited due to the performance metric not being met.
- [F2]Represents shares of restricted stock subject to service-based vesting that will be released approximately four years after the grant date.
- [F3]Represents a target number of RSUs each of which entitles the Reporting Person to receive one share of General Dynamics common stock. The number of RSUs ultimately earned by the Reporting Person will be determined based on a performance metric tied to return on invested capital during the year of grant, and may range from 0% to 200% of the target amount. Following the performance period, the earned RSUs are subject to an additional three year time-vesting period.
- [F4]Fifty percent become exercisable on 3/6/2014 and the remaining fifty percent become exercisable on 3/6/2015.