BADGER METER INC — Director's Dealing 2013

Nov 8, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BADGER METER INC (BMI)
CIK: 0000009092
Period of Report: 2013-11-08

Reporting Person: GRAS HORST (VP-International)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-11-08	Common Stock	M	240	$38.41	Acquired	10980.616	Direct
2013-11-08	Common Stock	M	240	$36.59	Acquired	11220.616	Direct
2013-11-08	Common Stock	M	320	$36.15	Acquired	11540.616	Direct
2013-11-08	Common Stock	S	800	$51.475	Disposed	10740.616	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-11-08	Stock Options	$38.41	M	240	Disposed	2020-05-07	BMI Common Stock (240)	Direct
2013-11-08	Stock Options	$36.59	M	240	Disposed	2021-05-06	BMI Common Stock (240)	Direct
2013-11-08	Stock Options	$36.15	M	320	Disposed	2022-05-04	BMI Common Stock (320)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$52.81	2018-05-02	BMI Common Stock (1500)	1500	Direct
Stock Options	$38.69	2019-05-01	BMI Common Stock (1200)	1200	Direct
Stock Options	$51.29	2023-03-01	BMI Common Stock (1181)	1181	Direct

Footnotes

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