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: SENGSTACK GREGG C (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-12-07	Woodward, Inc. Common Stock	G	15000	$0.00	Disposed	9000	Direct
2020-12-07	Woodward, Inc. Common Stock	G	15000	$0.00	Acquired	15000	Indirect
2021-02-24	Woodward, Inc. Common Stock	M	6700	$25.57	Acquired	15700	Direct
2021-02-24	Woodward, Inc. Common Stock	S	3516	$122.438	Disposed	12184	Direct
2021-02-24	Woodward, Inc. Common Stock	S	3184	$122.925	Disposed	9000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-02-24	Non-Qualified Stock Option (Right to Buy)	$25.57	M	6700	Disposed	2021-10-03	Woodward, Inc. Common Stock (6700)	Direct

Footnotes

F1: Represents shares gifted without consideration from the reporting person's direct ownership to the Dianne Sengstack 2020 Dynasty Trust. The reporting person is the trustee of the Dianne Sengstack 2020 Dynasty Trust and has sole voting and investment power.

F2: Shares held indirectly in the Dianne Sengstack 2020 Dynasty Trust, for which the reporting person is the trustee and over which the reporting person has sole voting and investment power.

F3: 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 $121.795 to $122.78 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.

F4: 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 $122.81 to $123.235 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.

F5: Options, which expire October 3, 2021, became exercisable as to 25% of the shares on October 3, 2012 and each one-year anniversary thereafter.