Woodward, Inc. — Director's Dealing 2007

Nov 20, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: WOODWARD GOVERNOR CO (WGOV)
CIK: 0000108312
Period of Report: 2007-11-16

Reporting Person: DONOVAN PAUL (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-11-16	Nonqualified Stock Option (right to buy)	$65.46	A	2850	Acquired	2017-11-16	Common Stock (2850)	Direct

Footnotes

F1: Options become exercisable at the rate of 25% per year beginning one year from date of grant.