Woodward, Inc. — Director's Dealing 2020

Sep 4, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Woodward, Inc. (WWD)
CIK: 0000108312
Period of Report: 2020-09-03

Reporting Person: Preiss Chad Robert (Business Unit President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-09-03	Woodward, Inc. Common Stock	M	11500	$25.57	Acquired	28977.776	Direct
2020-09-03	Woodward, Inc. Common Stock	S	8800	$84.6606	Disposed	20177.776	Direct
2020-09-03	Woodward, Inc. Common Stock	S	200	$85.5075	Disposed	19977.776	Direct
2020-09-03	Woodward, Inc. Common Stock	S	2500	$87.4068	Disposed	17477.776	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-09-03	Nonqualified Stock Option (Right to buy)	$25.57	M	11500	Disposed	2021-10-03	Woodward, Inc. Common Stock (11500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Woodward, Inc. Common Stock	15609	Indirect

Footnotes

F1: The reporting person sold shares in multiple same day, same way open market sales, with prices ranging from $84.50 to $85.48 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 Issuer or a security holder of the Issuer, full information regarding the number of shares sold at each separate price.

F2: The reporting person sold shares in multiple same day, same way open market sales, with prices ranging from $87.10 to $87.965 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.

F3: 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 24, 2020.

F4: Options, which expire October 3, 2021 became exercisable as to 25% of the shares on October 3, 2012 and each one-year anniversary thereafter.