Woodward, Inc. — Director's Dealing 2018

Jun 7, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Woodward, Inc. (WWD)
CIK: 0000108312
Period of Report: 2018-06-05

Reporting Person: DONOVAN PAUL (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-06-05	Woodward, Inc. Common Stock	M	7600	$23.18	Acquired	49734	Direct
2018-06-05	Woodward, Inc. Common Stock	S	11400	$76.315	Disposed	38334	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-06-05	Non-Qualified Stock Option (Right to Buy)	$23.18	M	7600	Disposed	2019-10-01	Woodward, Inc. Common Stock (7600)	Direct

Footnotes

F1: The reporting person sold shares in multiple same day, same way open market transactions, with prices ranging from $76.26 to $76.585 per share. The reporting person has reported these sales on an aggregate basis using the weighted average price for the sales. 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 sold at each separate price.

F2: Options, which expire October 1, 2019, became exercisable as to 25% of the shares on October 1, 2010, and each one-year anniversary thereafter.