X0306 4 2016-02-03 0 0000108312 Woodward, Inc. WWD 0001017674 DONOVAN PAUL 1000 E. DRAKE ROAD FORT COLLINS CO 80525 1 0 0 0 Woodward, Inc. Common Stock 2016-02-03 4 P 0 2457 44.54 A 38334 D Woodward, Inc. Common Stock 2016-02-04 4 P 0 143 45.40 A 1231.535 I By wife The reporting person purchase through a broker-dealer which resulted in multiple same day, same way open market purchases, with prices ranging from $44.42 to $44.85 per share. The reporting person has reported these purchases 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 purchased at each separate price. The reporting person disclaims beneficial ownership of the shares held by his wife, and this report should not be deemed an admission that the reporting person is the beneficial owner of his wife's shares for purposes of Section 16 or for any other purposes. Shares held by the reporting person's wife were inadvertently omitted by the issuer, Woodward, Inc., from certain Forms 4 and/or Form 4/A previously filed on the reporting person's behalf. Rebecca L. Dees, by Power of Attorney 2016-02-05