BADGER METER INC — Director's Dealing 2016

Apr 13, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BADGER METER INC (BMI)
CIK: 0000009092
Period of Report: 2016-04-11

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-04-11	Common Stock	M	600	$31.41	Acquired	26300	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-04-11	Stock Options	$31.41	M	600	Disposed	2016-05-05	BMI Common Stock (600)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	87500	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock Units	$0.00	1988-08-08	BMI Common Stock (4350.8457)	4350.8457	Direct
Stock Options	$24.94	2017-05-04	BMI Common Stock (2000)	2000	Direct

Footnotes

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

F2: Includes phantom stock units acquired through routine dividend equivalent payments on previously granted phantom stock units, which acquisitions are exempt under Rule 16a-11."