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BADGER METER INC — Director's Dealing 2005
May 11, 2005
30998_dirs_2005-05-11_b9e391e4-84c0-4abf-8852-5e1287779644.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: BADGER METER INC (BMI)
CIK: 0000009092
Period of Report: 2005-05-09
Reporting Person: SMITH KENNETH E (VP-Sales & Marketing)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2005-04-29 | Common Stock | A | 600 | — | Acquired | 600 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2005-05-09 | Stock Options | $36.65 | J | 1800 | Acquired | 2015-05-09 | Common Stock (1800) | Direct |
Footnotes
F1: Restricted Stock granted pursuant to the 2005 Restricted Stock Plan approved by shareholders on April 29, 2005.
F2: The value of the award will be determined at the closing price on May 9, 2008, the date of vesting.
F3: In addition to the Restricted Stock granted to Mr. Smith, he also owns 10,000 shares in the Badger Meter Officers' Voting Trust, 5,400 shares directly and 790.03 shares in the Company's ESSOP.
F4: Stock options granted pursuant to the Company's 1997, 1999 and 2003 Stock Option Plans approved by shareholders.
F5: Stock Options are granted on a one-for-one basis.
F6: In addition to the stock options granted 5/9/05, the reporting person has options to acquire 41,200 additional shares of Common Stock at varying grant prices and vesting schedules over a ten-year period.