Woodward, Inc. — Director's Dealing 2011

Aug 30, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Woodward, Inc. (WWD)
CIK: 0000108312
Period of Report: 2011-08-29

Reporting Person: Preiss Chad Robert (President, Engine Systems)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-08-29	Woodward, Inc. Common Stock	M	4500	$8.1667	Acquired	4500	Direct
2011-08-29	Woodward, Inc. Common Stock	S	4500	$31.15	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-08-29	Nonqualified Stock Option (right to buy)	$8.1667	M	4500	Disposed	2011-10-01	Common Stock (4500)	Direct

Footnotes

F1: Options, which expire in October 2011, became exercisable at the rate of 25% per year beginning October 1, 2002.