AI assistant
BADGER METER INC — Director's Dealing 2011
May 4, 2011
30998_dirs_2011-05-04_ce4cca23-70be-4afe-bd78-b3ee2c21cef8.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: BADGER METER INC (BMI)
CIK: 0000009092
Period of Report: 2011-05-02
Reporting Person: POLICANO ANDREW J (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-05-02 | Common Stock | A | 1191 | $37.77 | Acquired | 16624.303 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-05-02 | Phantom Stock Units | $0.00 | J | 18.7841 | Acquired | 1988-08-08 | BMI Common Stock (18.7841) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Options | $7.00 | 2013-05-02 | BMI Common Stock (6400) | 6400 | Direct |
Footnotes
F1: Shares granted pursuant to the 2011 Omnibus Incentive Plan as approved by shareholders on April 29, 2011. Non-employee directors are given an annual grant of Badger Meter Common Stock on the first business day following the Company's annual meeting equal to $45,000 as rounded down to the nearest whole share based on the closing price of the Company's Common Stock on that day.
F2: The phantom stock units were accrued in Mr. Policano's Badger Meter, Inc. Director Deferred Compensation Plan account as payment for dividends accrued during 2010. The Company's current quarterly dividend is 14 cents per share.
F3: When a director chooses to exit the Director Deferred Compensation Plan all proceeds are paid out in cash.