BADGER METER INC — Director's Dealing 2013

Oct 31, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BADGER METER INC (BMI)
CIK: 0000009092
Period of Report: 2013-10-29

Reporting Person: JOHNSON RICHARD E (Sr. VP-Finance, Treas & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-10-29	Common Stock	M	3600	$31.41	Acquired	92692	Direct
2013-10-29	Common Stock	M	3600	$29.94	Acquired	96292	Direct
2013-10-29	Common Stock	S	3163	$54.011	Disposed	93129	Direct
2013-10-30	Common Stock	S	4037	$53.5174	Disposed	89092	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-10-29	Stock Options	$31.41	M	3600	Disposed	2016-05-05	BMI Common Stock (3600)	Direct
2013-10-29	Stock Options	$24.94	M	3600	Disposed	2017-05-04	BMI Common Stock (3600)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2220.805	Indirect
Common Stock	32000	Direct
Common Stock	7000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$52.81	2018-05-02	BMI Common Stock (3000)	3000	Direct
Stock Options	$38.69	2019-05-01	BMI Common Stock (5400)	5400	Direct
Stock Options	$38.41	2020-05-07	BMI Common Stock (3000)	3000	Direct
Stock Options	$36.59	2021-05-06	BMI Common Stock (5000)	5000	Direct
Stock Options	$36.15	2022-05-04	BMI Common Stock (7500)	7500	Direct
Stock Options	$51.29	2023-03-01	BMI Common Stock (3150)	3150	Direct

Footnotes

F1: Stock Options are granted on a one-for-one basis.