WOODWARD INC

Ticker: WWD CUSIP: 980745103 Class: Common Stock

Municipal Employees' Retirement System of Michigan's Holding History (CIK: 0001588873)

Note: Option positions (PUT/CALL) are excluded.

Q1 2020

Shares 10,580 Value ($000) $629 Avg Close $99.77 Range $44.88 - $124.24

Q4 2019

Shares 10,440 Value ($000) $1,237 Avg Close $108.57 Range $98.44 - $120.12

Q3 2019

Shares 10,330 Value ($000) $1,114 Avg Close $105.57 Range $98.28 - $114.41

Q2 2019

Shares 10,330 Value ($000) $1,169 Avg Close $102.73 Range $90.43 - $111.78

Q1 2019

Shares 10,140 Value ($000) $962 Avg Close $84.69 Range $67.58 - $93.57

Q4 2018

Shares 13,340 Value ($000) $991 Avg Close $73.76 Range $65.44 - $84.52

Q2 2018

Shares 12,980 Value ($000) $998 Avg Close $71.52 Range $65.61 - $76.41

Q1 2018

Shares 17,130 Value ($000) $1,228 Avg Close $71.56 Range $65.24 - $84.81

Q4 2017

Shares 16,690 Value ($000) $1,277 Avg Close $74.07 Range $70.22 - $78.65

Q3 2017

Shares 16,690 Value ($000) $1,295 Avg Close $66.73 Range $62.36 - $74.86

Q2 2017

Shares 21,050 Value ($000) $1,423 Avg Close $64.49 Range $61.73 - $67.67

Q1 2017

Shares 25,700 Value ($000) $1,746 Avg Close $65.30 Range $61.85 - $68.28

Q4 2016

Shares 25,430 Value ($000) $1,756 Avg Close $60.91 Range $53.76 - $67.39

Q3 2016

Shares 24,700 Value ($000) $1,543 Avg Close $56.57 Range $52.61 - $60.22

Q2 2016

Shares 24,340 Value ($000) $1,403 Avg Close $51.91 Range $47.54 - $56.00

Q1 2016

Shares 18,570 Value ($000) $966 Avg Close $44.72 Range $38.58 - $50.17

Q4 2015

Shares 18,330 Value ($000) $910 Avg Close $44.09 Range $37.04 - $48.03

Q3 2015

Shares 18,720 Value ($000) $762 Avg Close $44.11 Range $37.17 - $51.79

Q2 2015

Shares 18,170 Value ($000) $999 Avg Close $47.74 Range $43.11 - $52.68

Q1 2015

Shares 17,700 Value ($000) $903 Avg Close $44.32 Range $38.05 - $47.82

Q4 2014

Shares 18,940 Value ($000) $932 Avg Close $45.94 Range $41.49 - $49.29

Q3 2014

Shares 16,800 Value ($000) $800 Avg Close $46.83 Range $43.66 - $51.57

Q2 2014

Shares 16,800 Value ($000) $843 Avg Close $42.10 Range $37.06 - $47.28

Q1 2014

Shares 16,800 Value ($000) $698 Avg Close $39.69 Range $37.01 - $43.03

Q4 2013

Shares 16,600 Value ($000) $757 Avg Close $38.45 Range $35.68 - $42.60

Q3 2013

Shares 10,000 Value ($000) $408 Avg Close $37.71 Range $34.95 - $39.37

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2020	10,580	$629	$99.77	$44.88 - $124.24
Q4 2019	10,440	$1,237	$108.57	$98.44 - $120.12
Q3 2019	10,330	$1,114	$105.57	$98.28 - $114.41
Q2 2019	10,330	$1,169	$102.73	$90.43 - $111.78
Q1 2019	10,140	$962	$84.69	$67.58 - $93.57
Q4 2018	13,340	$991	$73.76	$65.44 - $84.52
Q2 2018	12,980	$998	$71.52	$65.61 - $76.41
Q1 2018	17,130	$1,228	$71.56	$65.24 - $84.81
Q4 2017	16,690	$1,277	$74.07	$70.22 - $78.65
Q3 2017	16,690	$1,295	$66.73	$62.36 - $74.86
Q2 2017	21,050	$1,423	$64.49	$61.73 - $67.67
Q1 2017	25,700	$1,746	$65.30	$61.85 - $68.28
Q4 2016	25,430	$1,756	$60.91	$53.76 - $67.39
Q3 2016	24,700	$1,543	$56.57	$52.61 - $60.22
Q2 2016	24,340	$1,403	$51.91	$47.54 - $56.00
Q1 2016	18,570	$966	$44.72	$38.58 - $50.17
Q4 2015	18,330	$910	$44.09	$37.04 - $48.03
Q3 2015	18,720	$762	$44.11	$37.17 - $51.79
Q2 2015	18,170	$999	$47.74	$43.11 - $52.68
Q1 2015	17,700	$903	$44.32	$38.05 - $47.82
Q4 2014	18,940	$932	$45.94	$41.49 - $49.29
Q3 2014	16,800	$800	$46.83	$43.66 - $51.57
Q2 2014	16,800	$843	$42.10	$37.06 - $47.28
Q1 2014	16,800	$698	$39.69	$37.01 - $43.03
Q4 2013	16,600	$757	$38.45	$35.68 - $42.60
Q3 2013	10,000	$408	$37.71	$34.95 - $39.37