BADGER METER INC — Director's Dealing 2015

Mar 10, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BADGER METER INC (BMI)
CIK: 0000009092
Period of Report: 2015-03-06

Reporting Person: MEEUSEN RICHARD A (Director, Chairman, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-03-06	Common Stock	A	6565	—	Acquired	28990	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-03-06	Stock Options	$56.66	A	11155	Acquired	2025-03-06	BMI Common Stock (11155)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4060.4051	Indirect
Common Stock	114056	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$31.41	2016-05-05	BMI Common Stock (5400)	5400	Direct
Stock Options	$52.81	2018-05-02	BMI Common Stock (4800)	4800	Direct
Stock Options	$38.69	2019-05-01	BMI Common Stock (9000)	9000	Direct
Stock Options	$38.41	2020-05-07	BMI Common Stock (10200)	10200	Direct
Stock Options	$36.59	2021-05-06	BMI Common Stock (13300)	13300	Direct
Stock Options	$36.15	2022-05-04	BMI Common Stock (18800)	18800	Direct
Stock Options	$51.29	2023-03-01	BMI Common Stock (11367)	11367	Direct
Stock Options	$54.36	2024-03-07	BMI Common Stock (11812)	11812	Direct

Footnotes

F1: The value of the award will be determined at the closing price on March 6, 2018, the date of vesting.

F2: Stock Options are granted on a one-for-one basis.