Woodward, Inc. — Director's Dealing 2015

Jun 2, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Woodward, Inc. (WWD)
CIK: 0000108312
Period of Report: 2015-06-01

Reporting Person: Rittenberg Larry E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-06-01	Woodward, Inc. Common Stock	M	7000	$13.50	Acquired	28202	Direct
2015-06-01	Woodward, Inc. Common Stock	S	2800	$50.645	Disposed	25402	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-06-01	Non-Qualified Stock Option (Right to Buy)	$13.50	M	7000	Disposed	2015-11-23	Woodward, Inc. Common Stock (7000)	Direct

Footnotes

F1: Options become exercisable at a rate of 25% per year beginning on the exercisable date shown.