Woodward, Inc. — Director's Dealing 2021

Feb 25, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Woodward, Inc. (WWD)
CIK: 0000108312
Period of Report: 2021-02-24

Reporting Person: Sega Ronald M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-02-24	Woodward, Inc. Common Stock	M	5100	$33.64	Acquired	17375	Direct
2021-02-24	Woodward, Inc. Common Stock	S	5100	$122.001	Disposed	12275	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-24	Non-Qualified Stock Option (Right to Buy)	$33.64	M	5100	Disposed	2022-10-01	Woodward, Inc. Common Stock (5100)	Direct

Footnotes

F1: The reporting person executed a trade order through a broker-dealer which resulted in multiple same day, same way open market sales, with prices ranging from $122.00 to $122.07 per share. The reporting person has reported these sales 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 sold at each separate price.

F2: Options, which expire October 1, 2022, become exercisable as to 25% of the shares on October 1, 2013, and each one-year anniversary thereafter.