Woodward, Inc. — Director's Dealing 2019

Nov 25, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Woodward, Inc. (WWD)
CIK: 0000108312
Period of Report: 2019-11-21

Reporting Person: GENDRON THOMAS A (Director, President and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-11-21	Woodward, Inc. Common Stock	M	1000	$25.57	Acquired	227390	Direct
2019-11-21	Woodward, Inc. Common Stock	S	1000	$111.18	Disposed	226390	Direct
2019-11-22	Woodward, Inc. Common Stock	M	1000	$25.57	Acquired	227390	Direct
2019-11-22	Woodward, Inc. Common Stock	S	1000	$111.59	Disposed	226390	Direct
2019-11-25	Woodward, Inc. Common Stock	M	1000	$25.57	Acquired	227390	Direct
2019-11-25	Woodward, Inc. Common Stock	S	1000	$112.50	Disposed	226390	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-11-21	Nonqualified Stock Option (right to buy)	$25.57	M	1000	Disposed	2021-10-03	Woodward, Inc. Common Stock (1000)	Direct
2019-11-22	Nonqualified Stock Option (right to buy)	$25.57	M	1000	Disposed	2021-10-03	Woodward, Inc. Common Stock (1000)	Direct
2019-11-22	Nonqualified Stock Option (right to buy)	$25.57	M	1000	Disposed	2021-10-03	Woodward, Inc. Common Stock (1000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Woodward, Inc. Common Stock	20375	Indirect

Footnotes

F1: The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 4, 2019.

F2: The information in this report regarding the number of shares held by the reporting person in the Woodward Retirement Savings Plan is based on a calculation as of November 19, 2019.

F3: Options, which expire October 3, 2021, became exercisable as to 25% of the shares on October 3, 2012 and each one-year anniversary thereafter.