BADGER METER INC — Director's Dealing 2014

Nov 5, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BADGER METER INC (BMI)
CIK: 0000009092
Period of Report: 2014-11-03

Reporting Person: DIX RONALD H (Director, Retired Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-11-03	Common Stock	S	700	$56.5029	Disposed	35000	Direct
2014-11-04	Common Stock	S	300	$56.57	Disposed	34700	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	88500	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock Units	$0.00	1988-08-08	BMI Common Stock (3440.952)	3472.985	Direct
Stock Options	$18.325	2015-05-09	BMI Common Stock (1500)	1500	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

Footnotes

F1: The price in Column 4 is a weighted average price. The prices actually received ranged from $56.50 to $56.51. The reporting person has provided to the issuer, and will provide to any security holder of the issuer, or the SEC staff, upon request, information regarding the number of shares sold at each price within the range for all transactions reported in this Form 4 utilizing an average weighted price