BADGER METER INC - Director's Dealing 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BADGER METER INC (BMI)
CIK: 0000009092
Period of Report: 2013-03-01

Reporting Person: SMILEY BEVERLY L P (VP-Controller)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-03-05	Common Stock	M	1440	$18.325	Acquired	72740	Direct
2013-03-05	Common Stock	M	1800	$7.00	Acquired	74540	Direct
2013-03-05	Common Stock	S	3240	$51.01	Disposed	71300	Direct
2013-03-01	Common Stock	A	750	—	Acquired	2750	Indirect

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-03-05	Stock Options	$18.325	M	1440	Disposed	2015-05-09	BMI Common Stock (1440)	Direct
2013-03-05	Stock Options	$7.00	M	1800	Disposed	2013-05-02	BMI Common Stock (1800)	Direct
2013-03-01	Stock Options	$51.29	A	1181	Acquired	2023-03-01	BMI Common Stock (1181)	Direct

Security	Shares	Ownership
Common Stock	6199.4061	Indirect
Common Stock	630	Indirect

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$31.41	2016-05-05	BMI Common Stock (1800)	1800	Direct
Stock Options	$24.94	2017-05-04	BMI Common Stock (1440)	1440	Direct
Stock Options	$52.81	2018-05-02	BMI Common Stock (1500)	1500	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
Stock Options	$36.15	2022-05-04	BMI Common Stock (1600)	1600	Direct

F1: The value of the award will be determined at the closing price on March 1, 2016, the date of vesting.

F2: Stock Options are granted on a one-for-one basis.