X0306 4 2015-06-25 0 0000108312 Woodward, Inc. WWD 0001113697 HALBROOK JOHN A 1000 E. DRAKE ROAD FORT COLLINS CO 80525 1 0 0 0 Woodward, Inc. Common Stock 2015-06-25 4 J 0 24361 0.00 A 487372.677 D Woodward, Inc. Common Stock 220639 I By Benita K. Halbrook as trustee for the John A. Halbrook Grantor Retained Annuity Trust Woodward, Inc. Common Stock 95928 I By self as trustee for the Benita K. Halbrook Grantor Retained Annuity Trust Woodward, Inc. Common Stock 139072 I By self as co-trustee for The Benita K. Halbrook Living Trust Woodward, Inc. Common Stock 254343 I By self as holder of note Total reflects transfer, without consideration, of 24,361 shares from the John Halbrook Grantor Retained Annuity Trust to the John Halbrook Living Trust (the "Living Trust"). Shares held by the Living Trust are reported within the Reporting Person's direct ownership. Mr. Halbrook beneficially owns 254,343 shares sold in 2011 to The Halbrook Family Irrevocable Trust (the "Halbrook Family Trust Shares"), of which Mr. Halbrook's children are the beneficiaries and trustees without dispositive power with respect to these shares. The Halbrook Family Trust Shares were sold by Mr. Halbrook in exchange for a promissory note in the principal amount of $8,936,200, accruing interest at the rate of 1.5% per year. Rebecca L. Theobald, by Power of Attorney 2015-06-26