Woodward, Inc. — Director's Dealing 2014

Oct 21, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Woodward, Inc. (WWD)
CIK: 0000108312
Period of Report: 2014-10-17

Reporting Person: Rittenberg Larry E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-10-17	Woodward, Inc. Common Stock	A	2000	$13.50	Acquired	21802	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-10-17	Non-Qualified Stock Option (Right to Buy)	$13.50	M	2000	Disposed	2015-11-22	Woodward, Inc. Common Stock (2000)	Direct

Footnotes

F1: Mr. Rittenberg exercised a stock option for cash and holds the shares he acquired upon exercise.

F2: Options become exercisable at the rate of 25% per year beginning 11/23/2006.