Woodward, Inc. — Director's Dealing 2018

Sep 10, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Woodward, Inc. (WWD)
CIK: 0000108312
Period of Report: 2018-09-06

Reporting Person: PETROVICH MARY L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-09-06	Woodward, Inc. Common Stock	M	3122	$18.67	Acquired	25326	Direct
2018-09-06	Woodward, Inc. Common Stock	S	3122	$79.787	Disposed	22204	Direct
2018-09-06	Woodward, Inc. Common Stock	M	678	$18.67	Acquired	2381	Indirect
2018-09-06	Woodward, Inc. Common Stock	S	678	$79.7433	Disposed	1703	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-09-06	Nonqualifed Stock Option (right to buy)	$18.67	M	2850	Disposed	2018-11-23	Woodward, Inc. Common Stock (2850)	Direct
2018-09-06	Nonqualifed Stock Option (right to buy)	$18.67	M	272	Disposed	2018-11-23	Woodward, Inc. Common Stock (272)	Direct
2018-09-06	Nonqualifed Stock Option (right to buy)	$18.67	M	678	Disposed	2018-11-23	Woodward, Inc. Common Stock (678)	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 $79.75 to $79.811 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 23, 2018, became exercisable as to 25% of the shares on November 24, 2009 and each one-year anniversary thereafter.