Woodward, Inc. — Director's Dealing 2019

Aug 20, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Woodward, Inc. (WWD)
CIK: 0000108312
Period of Report: 2019-08-16

Reporting Person: Weber Robert F Jr (Vice Chairman, CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-08-16	Woodward, Inc. Common Stock	M	10000	$32.04	Acquired	36553	Direct
2019-08-16	Woodward, Inc. Common Stock	S	10000	$106.4471	Disposed	26553	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-08-16	Non-Qualified Stock Option (Right to Buy)	$32.04	M	10000	Disposed	2020-10-01	Woodward, Inc. Common Stock (10000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Woodward, Inc. Common Stock	3701.79	Indirect

Footnotes

F1: The reporting person sold shares in multiple same day, same way open market transactions, with prices ranging from $106.10 to $106.74 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: The information in this report regarding the number of shares held by the reporting person in the Woodward Retirement Savings Plan (the "Plan") is based on a calculation as of August 16, 2019.

F3: Options, which expire on October 1, 2020, became exercisable at the rate of 25% per year beginning on October 1, 2011.