BADGER METER INC — Director's Dealing 2013

Feb 5, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BADGER METER INC (BMI)
CIK: 0000009092
Period of Report: 2013-02-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-02-01	Common Stock	A	87.9675	$47.41	Acquired	2220.805	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	87892	Direct
Common Stock	32000	Direct
Common Stock	6200	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$18.325	2015-05-09	BMI Common Stock (4500)	4500	Direct
Stock Options	$31.41	2016-05-05	BMI Common Stock (3600)	3600	Direct
Stock Options	$24.94	2017-05-04	BMI Common Stock (3600)	3600	Direct
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

Footnotes

F1: Represents shares of Badger Meter stock accumulated during 2012 in the participant's 401(k) account, including the Company's year end match.

F2: Year end stock price for Badger Meter Common Stock used to calculate the Company's match.