BADGER METER INC — Director's Dealing 2014

Feb 21, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BADGER METER INC (BMI)
CIK: 0000009092
Period of Report: 2014-02-21

Reporting Person: GOMEZ GREGORY M (VP-Business Development)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-02-21	Common Stock	M	2400	$38.69	Acquired	8930	Direct
2014-02-21	Common Stock	M	800	$36.59	Acquired	9730	Direct
2014-02-21	Common Stock	S	3200	$52.55	Disposed	6530	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-21	Stock Options	$38.69	M	2400	Disposed	2019-05-01	BMI Common Stock (2400)	Direct
2014-02-21	Stock Options	$36.59	M	800	Disposed	2021-05-06	BMI Common Stock (800)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5493.4197	Indirect
Common Stock	3100	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$52.81	2018-05-02	BMI Common Stock (4500)	4500	Direct
Stock Options	$38.41	2020-05-07	BMI Common Stock (1200)	1200	Direct
Stock Options	$36.15	2022-05-04	BMI Common Stock (2400)	2400	Direct
Stock Options	$51.29	2023-03-01	BMI Common Stock (1418)	1418	Direct

Footnotes

F1: Stock Options are granted on a one-for-one basis.