Woodward, Inc. — Director's Dealing 2017

Nov 14, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Woodward, Inc. (WWD)
CIK: 0000108312
Period of Report: 2017-11-13

Reporting Person: PETROVICH MARY L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-11-13	Woodward, Inc. Common Stock	M	5700	$32.73	Acquired	27904	Direct
2017-11-13	Woodward, Inc. Common Stock	S	5700	$79.6871	Disposed	22204	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-11-13	Nonqualifed Stock Option (right to buy)	$32.73	M	2850	Disposed	2017-11-16	Woodward, Inc. Common Stock (2850)	Direct
2017-11-13	Nonqualifed Stock Option (right to buy)	$32.73	M	2850	Disposed	2017-11-16	Woodward, Inc. Common Stock (2850)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Woodward, Inc. Common Stock	1703	Indirect

Footnotes

F1: 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 $79.666 to $79.765 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.

F2: Options, which expire November 16, 2017, became exercisable as to 25% of the shares on November 16, 2008 and each one-year anniversary thereafter.