Donovan Paul Form 4 Woodward / PAUL DONOVAN ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

DONOVAN PAUL

(Last)

(First)

(Middle)

1081 WOODWARD WAY

(Street)

FORT COLLINS

80524

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Woodward, Inc. [ WWD ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
05/26/2020

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Woodward, Inc. Common Stock	05/26/2020		M		6,200	A	$32.04	6,200	I	Shares held indirectly in the DJPC&G, LLC
Woodward, Inc. Common Stock	05/26/2020		S		6,200	D	$67.09⁽¹⁾	0	I	Shares held indirectly in the DJPC&G, LLC
Woodward, Inc. Common Stock								7,634	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Non-Qualified Stock Option (Right to Buy)	$32.04	12/27/2019		G	V		6,200	10/01/2011⁽²⁾	10/01/2020	Woodward, Inc. Common Stock	6,200	$0.00	0⁽³⁾	D
Non-Qualified Stock Option (Right to Buy)	$32.04	12/27/2019		G	V	6,200		10/01/2011⁽²⁾	10/01/2020	Woodward, Inc. Common Stock	6,200	$0.00	6,200⁽³⁾	I	Options held indirectly in the DJPC&G, LLC
Non-Qualified Stock Option (Right to Buy)	$32.04	05/26/2020		M			6,200	10/01/2011⁽²⁾	10/01/2020	Woodward, Inc. Common Stock	6,200	$0.00	0	I	Options held indirectly in the DJPC&G, LLC
Non-Qualified Stock Option (Right to Buy)	$25.57	12/27/2019		G	V		6,700	10/03/2012⁽²⁾	10/03/2021	Woodward, Inc. Common Stock	6,700	$0.00	0⁽³⁾	D
Non-Qualified Stock Option (Right to Buy)	$25.57	12/27/2019		G	V	6,700		10/03/2012⁽²⁾	10/03/2021	Woodward, Inc. Common Stock	6,700	$0.00	6,700⁽³⁾	I	Options held indirectly in the DJPC&G, LLC
Non-Qualified Stock Option (Right to Buy)	$33.64	12/27/2019		G	V		5,100	10/01/2013⁽²⁾	10/01/2022	Woodward, Inc. Common Stock	5,100	$0.00	0⁽³⁾	D
Non-Qualified Stock Option (Right to Buy)	$33.64	12/27/2019		G	V	5,100		10/01/2013⁽²⁾	10/01/2022	Woodward, Inc. Common Stock	5,100	$0.00	5,100⁽³⁾	I	Options held indirectly in the DJPC&G, LLC
Non-Qualified Stock Option (Right to Buy)	$40.99	12/27/2019		G	V		5,395	10/01/2014⁽²⁾	10/01/2023	Woodward, Inc. Common Stock	5,395	$0.00	0⁽³⁾	D
Non-Qualified Stock Option (Right to Buy)	$40.99	12/27/2019		G	V	5,395		10/01/2014⁽²⁾	10/01/2023	Woodward, Inc. Common Stock	5,395	$0.00	5,395⁽³⁾	I	Options held indirectly in the DJPC&G, LLC
Non-Qualified Stock Option (Right to Buy)	$46.55	12/27/2019		G	V		6,000	10/01/2015⁽²⁾	10/01/2024	Woodward, Inc. Common Stock	6,000	$0.00	0⁽³⁾	D
Non-Qualified Stock Option (Right to Buy)	$46.55	12/27/2019		G	V	6,000		10/01/2015⁽²⁾	10/01/2024	Woodward, Inc. Common Stock	6,000	$0.00	6,000⁽³⁾	I	Options held indirectly in the DJPC&G, LLC
Non-Qualified Stock Option (Right to Buy)	$40.26	12/27/2019		G	V		9,600	10/01/2016⁽²⁾	10/01/2025	Woodward, Inc. Common Stock	9,600	$0.00	0⁽³⁾	D
Non-Qualified Stock Option (Right to Buy)	$40.26	12/27/2019		G	V	9,600		10/01/2016⁽²⁾	10/01/2025	Woodward, Inc. Common Stock	9,600	$0.00	9,600⁽³⁾	I	Options held indirectly in the DJPC&G, LLC
Non-Qualified Stock Option (Right to Buy)	$62.57	02/06/2020		G	V		5,250	10/03/2017⁽²⁾	10/03/2026	Woodward, Inc. Common Stock	5,250	$0.00	1,750⁽³⁾	D
Non-Qualified Stock Option (Right to Buy)	$62.57	02/06/2020		G	V	5,250		10/03/2017⁽²⁾	10/03/2026	Woodward, Inc. Common Stock	5,250	$0.00	5,250⁽³⁾	I	Options held indirectly in the DJPC&G, LLC
Non-Qualified Stock Option (Right to Buy)	$78.97	02/06/2020		G	V		3,000	10/02/2018⁽²⁾	10/02/2027	Woodward, Inc. Common Stock	3,000	$0.00	3,000⁽³⁾	D
Non-Qualified Stock Option (Right to Buy)	$78.97	02/06/2020		G	V	3,000		10/02/2018⁽²⁾	10/02/2027	Woodward, Inc. Common Stock	3,000	$0.00	3,000⁽³⁾	I	Options held indirectly in the DJPC&G, LLC
Non-Qualified Stock Option (Right to Buy)	$79.81	02/06/2020		G	V		1,300	10/01/2019⁽²⁾	10/01/2028	Woodward, Inc. Common Stock	1,300	$0.00	3,900⁽³⁾	D
Non-Qualified Stock Option (Right to Buy)	$79.81	02/06/2020		G	V	1,300		10/01/2019⁽²⁾	10/01/2028	Woodward, Inc. Common Stock	1,300	$0.00	1,300⁽³⁾	I	Options held indirectly in the DJPC&G, LLC

Explanation of Responses:

1. The 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 $67.00 to $67.32 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.

2. Options are fully vested and exercisable.

3. Reflects the Reporting Person's transfer of vested options to DJPC&G, LLC (the "LLC"). The Reporting Person and his spouse are members of the LLC.

Remarks:

	Rebecca L. Dees, by Power of Attorney	05/27/2020
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

Donovan Paul Form 4Woodward / PAUL DONOVAN ownership change