SEC Form 4 · accession 0001209191-19-008234

Woodward, Inc. · WWD

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Thomas A Gendron

Officer — President and CEO · Director

Period of report

Feb 1, 2019

Accepted (ET)

Feb 7, 2019 · 6:33 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	Feb 5, 2019	M	8,500	$23.18	A	234,890	D
Woodward, Inc. Common Stock^F2	Feb 5, 2019	S	8,500	$90.0349	D	226,390	D
Woodward, Inc. Common Stock	Feb 6, 2019	M	8,500	$23.18	A	234,890	D
Woodward, Inc. Common Stock^F3	Feb 6, 2019	S	8,462	$89.8424	D	226,428	D
Woodward, Inc. Common Stock	Feb 6, 2019	S	38	$90.27	D	226,390	D
Woodward, Inc. Common Stock	Feb 7, 2019	M	3,500	$23.18	A	229,890	D
Woodward, Inc. Common Stock^F4	Feb 7, 2019	S	3,200	$88.7945	D	226,690	D
Woodward, Inc. Common Stock	Feb 7, 2019	S	300	$89.38	D	226,390	D
Woodward, Inc. Common Stock^F5	holding	—	—		—	20,128	I	Held in the 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
Nonqualified Stock Option (right to buy)^F6	$23.18	Feb 5, 2019	M	8,500	D	Oct 1, 2010	Sep 30, 2019	Woodward, Inc. Common Stock	8,500	68,010	D
Nonqualified Stock Option (right to buy)^F6	$23.18	Feb 6, 2019	M	8,500	D	Oct 1, 2010	Sep 30, 2019	Woodward, Inc. Common Stock	8,500	59,510	D
Nonqualified Stock Option (right to buy)^F6	$23.18	Feb 7, 2019	M	3,500	D	Oct 1, 2010	Sep 30, 2019	Woodward, Inc. Common Stock	3,500	56,010	D

Explanation of responses

F1The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 6, 2018.
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 $89.62 to $90.50 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.
F3The 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 $89.22 to $90.07 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.
F4The 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 $88.35 to $89.13 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.
F5The 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 January 28, 2019.
F6Options, which expire September 30, 2019, became exercisable as to 25% of the shares on October 1, 2010 and each one-year anniversary thereafter.