X0306 4 2019-05-02 0 0000108312 Woodward, Inc. WWD 0001446897 Preiss Chad Robert 1081 WOODWARD WAY FORT COLLINS CO 80524 0 1 0 0 Pres., Industrial Control Syst Woodward, Inc. Common Stock 2019-05-02 4 M 0 14000 23.18 A 31127.457 D Woodward, Inc. Common Stock 2019-05-02 4 S 0 14000 106.7862 D 17127.457 D Woodward, Inc. Common Stock 15346 I Woodward Retirement Savings Plan Nonqualified Stock Option (Right to buy) 23.18 2019-05-02 4 M 0 14000 0.00 D 2010-10-01 2019-10-01 Woodward, Inc. Common Stock 14000 0 D The reporting person sold shares in multiple same day, same way open market sales, with prices ranging from $106.75 to $107.20 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. 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 May 2, 2019. Options, which expire October 1, 2019 became exercisable as to 25% of the shares on October 1, 2010 and each one-year anniversary thereafter. Rebecca L. Dees, by Power of Attorney 2019-05-03