BADGER METER INC — Director's Dealing 2014

Apr 3, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BADGER METER INC (BMI)
CIK: 0000009092
Period of Report: 2014-04-02

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-04-02	Common Stock	G	1500	—	Disposed	88500	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	35700	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock Units	$0.00	1988-08-08	BMI Common Stock (2453.952)	2485.985	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: Mr. Dix and his wife, who own the Badger Meter shares jointly, transferred 500 shares to each of their three adult daughters. The reporting person and his spouse disclaim beneficial interest in the gifted shares.