Woodward, Inc. — Director's Dealing 2018

Dec 4, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Woodward, Inc. (WWD)
CIK: 0000108312
Period of Report: 2018-12-03

Reporting Person: Sega Ronald M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-12-03	Woodward, Inc. Common Stock	M	7600	$23.18	Acquired	12400	Direct
2018-12-03	Woodward, Inc. Common Stock	S	2125	$84.05	Disposed	10275	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-12-03	Non-Qualified Stock Option (Right to Buy)	$23.18	M	7600	Acquired	2019-09-30	Woodward, Inc. Common Stock (7600)	Direct

Footnotes

F1: Options, which expire September 30, 2019, become exercisable as to 25% of the shares on October 1, 2010 and each one-year anniversary thereafter.