SEC Form 4 · accession 0001209191-17-016836
Woodward, Inc. · WWD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Martin Val Glass
Officer — President, Airframe Systems
Period of report
Mar 1, 2017
Accepted (ET)
Mar 2, 2017 · 5:48 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000108312
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Woodward, Inc. Common Stock | Mar 1, 2017 | M | 26,000 | $32.73 | A | 88,781 | D | |
| Woodward, Inc. Common StockF1 | Mar 1, 2017 | S | 26,000 | $71.9366 | D | 62,781 | D | |
| Woodward, Inc. Common StockF2 | holding | — | — | — | 21,869 | I | By Woodward Retirement Savings Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Non-Qualified Stock Option (Right to Buy)F3 | $32.73 | Mar 1, 2017 | M | 26,000 | D | Nov 16, 2008 | Nov 16, 2017 | Woodward, Inc. Common Stock | 26,000 | 0 | D |
Explanation of responses
- F1The reporting person executed a trade order through a broker-dealer which resulted in multiple same day, same way open market sales, with prices ranging from $71.72 to $72.20 per share. The reporting person has reported these sales 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 sold at each separate price.
- F2The 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 March 1, 2017, and includes 291.11 shares acquired under the Plan since the date of the reporting person's last Form 4 with Table I reporting.
- F3Options, which expire November 16, 2017, became exercisable as to 25% of the shares on November 16, 2008 and each one-year anniversary thereafter.