BADGER METER INC — Director's Dealing 2016

Mar 8, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BADGER METER INC (BMI)
CIK: 0000009092
Period of Report: 2016-03-07

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-03-07	Common Stock	S	750	$68.0057	Disposed	54000	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	$38.41	2020-05-07	BMI Common Stock (240)	240	Direct
Stock Options	$36.59	2021-05-06	BMI Common Stock (480)	480	Direct
Stock Options	$36.15	2022-05-04	BMI Common Stock (960)	960	Direct
Stock Options	$51.29	2023-03-01	BMI Common Stock (709)	709	Direct
Stock Options	$54.36	2024-03-07	BMI Common Stock (966)	966	Direct
Stock Options	$56.66	2025-03-06	BMI Common Stock (1208)	1208	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 $68.0015 to $68.008. 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.