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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
108312	Woodward Inc.	WWD	Electrical Industrial Apparatus (3620)	361984010

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1113697	A John Halbrook	1000 E. Drake Road Fort Collins CO 80525		Yes	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Woodward, Inc. Common Stock	Disposition	2013-03-04	4,000	$37.01	710,008	No	4	S	Direct
Woodward, Inc. Common Stock	Disposition	2013-03-05	6,000	$37.50	704,008	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct
No	4	S	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Woodward, Inc. Common Stock	206,035	Indirect	By self as trustee for the Benita K. Halbrook Grantor Retained Annuity Trust
Woodward, Inc. Common Stock	28,965	Indirect	By self as co-trustee for The Benita K. Halbrook Living Trust
Woodward, Inc. Common Stock	258,364	Indirect	By self as holder of note.

Footnotes

This amount reflects shares that were held in and sold directly from the Halbrook Family Foundation.
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 $37.00 to $37.02 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.
This amount includes 4,000 shares sold from the Halbrook Family Foundation.
Mr. Halbrook beneficially owns 258,364 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.