X0306 4 2019-11-21 0 0000108312 Woodward, Inc. WWD 0001113706 GENDRON THOMAS A 1081 WOODWARD WAY FORT COLLINS CO 80524 1 1 0 0 President and CEO Woodward, Inc. Common Stock 2019-11-21 4 M 0 1000 25.57 A 227390 D Woodward, Inc. Common Stock 2019-11-21 4 S 0 1000 111.18 D 226390 D Woodward, Inc. Common Stock 2019-11-22 4 M 0 1000 25.57 A 227390 D Woodward, Inc. Common Stock 2019-11-22 4 S 0 1000 111.59 D 226390 D Woodward, Inc. Common Stock 2019-11-25 4 M 0 1000 25.57 A 227390 D Woodward, Inc. Common Stock 2019-11-25 4 S 0 1000 112.50 D 226390 D Woodward, Inc. Common Stock 20375 I Held in the Woodward Retirement Savings Plan Nonqualified Stock Option (right to buy) 25.57 2019-11-21 4 M 0 1000 0.00 D 2012-10-03 2021-10-03 Woodward, Inc. Common Stock 1000 159000 D Nonqualified Stock Option (right to buy) 25.57 2019-11-22 4 M 0 1000 0.00 D 2012-10-03 2021-10-03 Woodward, Inc. Common Stock 1000 158000 D Nonqualified Stock Option (right to buy) 25.57 2019-11-22 4 M 0 1000 0.00 D 2012-10-03 2021-10-03 Woodward, Inc. Common Stock 1000 157000 D The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 4, 2019. The information in this report regarding the number of shares held by the reporting person in the Woodward Retirement Savings Plan is based on a calculation as of November 19, 2019. Options, which expire October 3, 2021, became exercisable as to 25% of the shares on October 3, 2012 and each one-year anniversary thereafter. Rebecca L. Dees, by Power of Attorney 2019-11-25