BADGER METER INC — Director's Dealing 2009

Feb 17, 2009

SEC Form 4/A — Form 4/A

Issuer: BADGER METER INC (BMI)
CIK: 0000009092
Period of Report: 2009-01-27

Reporting Person: STOLLENWERK JOHN J (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-01-27	Phantom Stock Units	$0.00	J	34.4589	Acquired	1988-08-08	BMI Common Stock (34.4589)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	62648	Direct
Common Stock	10164	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$7.00	2013-05-02	BMI Common Stock (6400)	6400	Direct

Footnotes

F1: The phantom stock units were accrued in Mr. Stollenwerk's Badger Meter, Inc. Director Deferred Compensation Plan account as payment for the $1,000 meeting fee for the Compensation and Corporate Governance Committee meeting held on 1/27/09.

F2: Price of Badger Meter, Inc. Common Stock at 12/31/08.