BADGER METER INC — Director's Dealing 2011

Feb 1, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BADGER METER INC (BMI)
CIK: 0000009092
Period of Report: 2011-01-31

Reporting Person: WEBB DENNIS J (VP-Sales)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-31	Common Stock	A	192.6884	$44.22	Acquired	14267.8337	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	30000	Direct
Common Stock	1600	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$18.325	2015-05-09	BMI Common Stock (1440)	1440	Direct
Stock Options	$31.41	2016-05-05	BMI Common Stock (1800)	1800	Direct
Stock Options	$24.94	2017-05-04	BMI Common Stock (1920)	1920	Direct
Stock Options	$7.00	2013-05-02	BMI Common Stock (1800)	1800	Direct
Stock Options	$38.69	2019-05-01	BMI Common Stock (3000)	3000	Direct
Stock Options	$38.41	2020-05-07	BMI Common Stock (1200)	1200	Direct