BADGER METER INC — Director's Dealing 2016

Apr 25, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BADGER METER INC (BMI)
CIK: 0000009092
Period of Report: 2016-04-22

Reporting Person: SMILEY BEVERLY L P (VP-Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-04-22	Common Stock	S	715	$70.80	Disposed	53285	Direct
2016-04-25	Common Stock	S	3785	$70.9227	Disposed	49500	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6354.8683	Indirect
Common Stock	1739	Indirect
Common Stock	630	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$36.59	2021-05-06	BMI Common Stock (240)	240	Direct
Stock Options	$36.15	2022-05-04	BMI Common Stock (640)	640	Direct
Stock Options	$51.29	2023-03-01	BMI Common Stock (473)	473	Direct
Stock Options	$54.36	2024-03-07	BMI Common Stock (725)	725	Direct
Stock Options	$56.66	2025-03-06	BMI Common Stock (967)	967	Direct
Stock Options	$67.95	2026-03-04	BMI Common Stock (1032)	1032	Direct

Footnotes

F1: The price in Column 4 is a weighted average price. The prices actually received ranged from $70.50 to $71.25. 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.