Falls Church- based defense contractor General Dynamics (NYSE:GD)Chairman and Chief Executive Officer, Jay L. Johnson made the following stock transactions on March 26, 2012.
Jay L. Johnson acquired 507,664 Common Stock shares at an average price of $40.09, totaling $20,352,249.76 under general transaction code M (Exercise or conversion of derivative security exempted pursuant to Rule 16b-3). 792,855 beneficially and directly owned shares remained March 26, 2012.
On March 26, 2012, Jay L. Johnson disposed of 373,513 common stock shares at an average price of $73.843, totaling $27,581,320.46 under general transaction code S (Open market or private sale of non-derivative or derivative security). 419,342 beneficially and directly owned shares remained after this transaction.
The transactions difference totaled $7,229,070.70.
On March 26, 2012, Jay L. Johnson acquired507,664 derivative securities under a stock option plan at an average price of $40.09 they will expire on March 3, 2014. 338,442 remained following the transaction.
On March 26, 2012, General Dynamics (NYSE:GD)opened at $73.09; it reached a high of $74.15 and a low of $72.97 the stock closed at $73.91 on average volume of 1,867,226. The company had a market cap of approximately $26.3 billion, it is off its 52 week high of $78.00.