BADGER METER INC — Director's Dealing 2004

Feb 24, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BADGER METER INC (BMI)
CIK: 0000009092
Period of Report: 2004-02-23

Reporting Person: WEBB DENNIS J (VP-Engineering)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-02-23	Common Stock	S	250.0000	$36.5000	Disposed	6503.0000	Indirect

Footnotes

F1: In addition to the shares held by Mr. Webb in the Badger Meter Officers' Voting Trust, he also owns 11,753 shares directly and 3,270.17 shares in the Company's ESSOP.

F2: The Badger Meter Officers' Voting Trust disclaims pecuniary or beneficial interest in these shares.