BADGER METER INC — Director's Dealing 2004

Feb 27, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BADGER METER INC (BMI)
CIK: 0000009092
Period of Report: 2004-02-27

Reporting Person: JOHNSON RICHARD E (Sr. VP-Finance, Treas & CFO, Co-trustee, Officers Voting Tr)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-02-27	Common Stock	P	1025.0000	$35.5000	Acquired	4108.0000	Direct

Footnotes

F1: Mr. Johnson owns the 4,108 shares directly in a joint account with his spouse. In addition, he owns 5,800 shares in a self-directed IRA account, 7,837 shares in the Badger Meter Officers' Voting Trust and 258.29 shares in the Company's ESSOP.