Woodward, Inc. — Director's Dealing 2011

Dec 7, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Woodward, Inc. (WWD)
CIK: 0000108312
Period of Report: 2011-12-05

Reporting Person: PETROVICH MARY L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-05	Woodward, Inc. Common Stock	G	17438	$0.00	Disposed	1992	Direct
2011-12-05	Woodward, Inc. Common Stock	P	2615	$40.876	Acquired	4607	Direct

Footnotes

F1: These shares are held by Ms. Petrovich in an individual retirement account and were unintentionally omitted from her previously reported holdings.

F2: The reporting person executed a trade order through a broker-dealer which resulted in multiple same day, same way open market purchases, with prices ranging from $40.76 to $40.94 per share. The reporting person has reported these purchases on an aggregate basis using the weighted average price for the transactions. The reporting person undertakes to provide, upon request by the Securities and Exchange Commission staff, the Company, or a security holder of the Company, full information regarding the number of shares purchased at each separate price.