BADGER METER INC — Director's Dealing 2004

Dec 14, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BADGER METER INC (BMI)
CIK: 0000009092
Period of Report: 2004-12-13

Reporting Person: BULLIS ROBERT M (VP-Manufacturing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-12-13	Common Stock	S	2000	$28.24	Disposed	4800	Indirect
2004-12-14	Common Stock	S	2000	$28.85	Disposed	2800	Indirect

Footnotes

F1: Price adjusted for 2-for-1 stock split as 12/13/04.

F2: Represents shares held by members of Mr. Bullis's family for which he disclaims beneficial interest. Mr. Bullis owns 35,292 shares directly, 14,584 shares in the Badger Meter Officers' Voting Trust and 2,401.90 shares in the Company's ESSOP.

F3: Shares held by members of Mr. Bullis's family. Mr. Bullis disclaims beneficial ownership of the shares.