SEC Form 4 · accession 0001209191-17-049367
Woodward, Inc. · WWD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John A Halbrook
Director
Period of report
Aug 15, 2017
Accepted (ET)
Aug 17, 2017 · 2:48 pm EDT
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 | Aug 4, 2017 | J | 29,186 | $0.00 | A | 350,521 | D | |
| Woodward, Inc. Common Stock | Aug 15, 2017 | S | 1,556 | $70.00 | D | 348,965 | D | |
| Woodward, Inc. Common Stock | Aug 16, 2017 | M | 5,700 | $32.73 | A | 354,665 | D | |
| Woodward, Inc. Common StockF2 | Aug 16, 2017 | S | 7,144 | $70.0232 | D | 347,521 | D | |
| Woodward, Inc. Common StockF1 | holding | — | — | — | 162,707 | I | By Benita K. Halbrook as trustee for the John A. Halbrook Grantor Retained Annuity Trust | |
| Woodward, Inc. Common Stock | holding | — | — | — | 79,980 | I | By self as co-trustee for The Benita K. Halbrook Living Trust | |
| Woodward, Inc. Common Stock | holding | — | — | — | 102,000 | I | By self as trustee for the Benita K. Halbrook 2015 Grantor Retained Annuity Trust | |
| Woodward, Inc. Common StockF3 | holding | — | — | — | 251,681 | I | By self as holder of note |
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)F4 | $32.73 | Aug 16, 2017 | M | 5,700 | D | Nov 16, 2008 | Nov 15, 2017 | Woodward, Inc. Common Stock | 5,700 | 0 | D |
Explanation of responses
- F1The Reporting Person executed a transfer of 29,186 shares held in the John A. Halbrook Grantor Annuity Trust to the John A. Halbrook Living Trust.
- F2The 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 $70.00 to $70.2839 per share. The reporting person has reported these shares 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.
- F3The Reporting Person beneficially owns 251,681 shares sold in 2011 to The Halbrook Family Irrevocable Trust (the "Halbrook Family Trust Shares"), of which the Reporting Person's children are the beneficiaries and trustees without dispositive power with respect to the Halbrook Family Trust Shares. The Halbrook Family Trust Shares were sold by the Reporting Person in exchange for a promissory note.
- F4Options, which expire November 15, 2017, became exercisable at the rate of 25% per year beginning on November 16, 2008, and each one year anniversary thereafter.