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: Begale Fred J (VP-Engineering)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-02-01	Common Stock	A	309.1032	$47.41	Acquired	1596.1581	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2351	Direct
Common Stock	2400	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$38.69	2019-05-01	BMI Common Stock (7000)	7000	Direct
Stock Options	$38.41	2020-05-07	BMI Common Stock (1200)	1200	Direct
Stock Options	$36.59	2021-05-06	BMI Common Stock (2000)	2000	Direct
Stock Options	$36.15	2022-05-04	BMI Common Stock (1600)	1600	Direct

Footnotes

F1: Represents shares accumulated during 2012 in the participant's 401(k) account, including the Company's year end match of 61.4939 shares at $47.41/share.

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