GENERAL DYNAMICS CORP 4
4 · GENERAL DYNAMICS CORP · Filed Mar 6, 2014
Insider Transaction Report
Form 4
LOMBARDO JOSEPH T
Executive Vice President
Transactions
- Award
Common Stock, $1.00 par value
2014-03-04+3,432.638→ 114,401.638 total - Award
Common Stock, $1.00 par value
2014-03-05+5,650→ 120,051.638 total - Award
Common Stock, $1.00 par value
2014-03-05+5,650→ 125,701.638 total - Award
Stock Options
2014-03-05+91,900→ 91,900 totalExercise: $112.40Exp: 2021-03-04→ Common Stock (91,900 underlying)
Footnotes (4)
- [F1]Represents additional performance restricted stock units (PRSUs) equal to accrued dividend equivalents on previously awarded PRSUs and additional units that were earned based on satisfaction of the performance metric, which was returned on invested capital. The PRSUs are subject to an additional three-year time-vesting period.
- [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 PRSUs, each of which entitles the Reporting Person to receive one share of General Dynamics common stock. The number of PRSUs 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 PRSUs are subject to an additional three year time-vesting period.
- [F4]Fifty percent become exercisable on 03/05/2015 and the remaining fifty percent become exercisable on 03/05/2016.