X0306 4 2016-11-18 0 0000108312 Woodward, Inc. WWD 0001113706 GENDRON THOMAS A 1081 WOODWARD WAY FORT COLLINS CO 80524 1 1 0 0 President and CEO Phantom Stock 2016-11-18 4 A 0 10493.114 67.27 A Woodward, Inc. Common Stock 10493.114 105472.571 D The reporting person participates in the Woodward Executive Benefit Plan and has elected to have a portion of his Long Term Incentive Plan bonus deferred and denominated in Company stock. Phantom stock units are accrued under the Plan and are to be settled in 100% stock on a one-for-one basis upon separation from the Company. The total shown represents the dollar amount of deferrals divided by the current share price and, therefore, the number of shares reported may fluctuate from period to period. The total shown also includes shares acquired under the Company's Dividend Reinvestment Plan. Rebecca L. Dees, by Power of Attorney 2016-11-22