Woodward, Inc. — Director's Dealing 2016

Feb 2, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Woodward, Inc. (WWD)
CIK: 0000108312
Period of Report: 2016-01-29

Reporting Person: Fawzy Christopher (VP, Gen Counsel & Corp Sec)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-01-29	Woodward, Inc. Common Stock	P	2100	$46.0299	Acquired	5600	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Woodward, Inc. Common Stock	1796.1	Indirect

Footnotes

F1: The information in this report regarding the number of shares held by Mr. Fawzy in the Woodward Retirement Savings Plan (the "Plan") is based on a calculation as of January 29, 2016 and includes 574.6 shares acquired under the Plan since the date of the reporting person's last Form 4 with Table I reporting.