Woodward, Inc. — Director's Dealing 2017

Nov 8, 2017

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: Woodward, Inc. (WWD)
CIK: 0000108312
Period of Report: 2017-09-30

Reporting Person: HALBROOK JOHN A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-03-31	Woodward, Inc. Common Stock	G	186	$0.00	Acquired	345906.999	Direct
2017-03-31	Woodward, Inc. Common Stock	G	186	$0.00	Disposed	251495	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Woodward, Inc. Common Stock	162707	Indirect
Woodward, Inc. Common Stock	79980	Indirect
Woodward, Inc. Common Stock	102000	Indirect

Footnotes

F1: Total reflects transfer, without receipt of consideration, of 186 shares held in The Halbrook Family Irrevocable Trust (the "Halbrook Family Trust Shares") to the John Halbrook Living Trust (the "J. Halbrook Living Trust"). Shares held by the J. Halbrook Living Trust are reported within the Reporting Person's direct ownership.

F2: The Reporting Person beneficially owns 251,495 shares sold in 2011 to The Halbrook Family Irrevocable Trust (the "Halbrook Family Trust Shares"), of which the Reporting Person's children are the beneficiaries and trustees without dispositive power with respect to the Halbrook Family Trust Shares. The Halbrook Family Trust Shares were sold by the Reporting Person in exchange for a promissory note.