BADGER METER INC — Director's Dealing 2012

Nov 8, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BADGER METER INC (BMI)
CIK: 0000009092
Period of Report: 2012-11-07

Reporting Person: WEBB DENNIS J (VP-Customer Solutions)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-11-07	Common Stock	S	20000	$42.3071	Disposed	10650	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	14516.9095	Indirect
Common Stock	1200	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$24.94	2017-05-04	BMI Common Stock (480)	480	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
Stock Options	$36.59	2021-05-06	BMI Common Stock (1200)	1200	Direct

Footnotes

F1: As Mr. Webb approaches retirement, he and his wife are diversifying their financial portfolio.