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: 2016-03-04

Reporting Person: Begale Fred J (VP-Engineering)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-03-04	Common Stock	A	421	—	Acquired	1739	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-03-04	Stock Options	$67.95	A	1032	Acquired	2026-03-04	BMI Common Stock (1032)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2934.0308	Indirect
Common Stock	1796	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$38.69	2019-05-01	BMI Common Stock (3500)	3500	Direct
Stock Options	$36.59	2021-05-06	BMI Common Stock (400)	400	Direct
Stock Options	$36.15	2022-05-04	BMI Common Stock (640)	640	Direct
Stock Options	$51.29	2023-03-01	BMI Common Stock (1181)	1181	Direct
Stock Options	$54.36	2024-03-07	BMI Common Stock (1208)	1208	Direct
Stock Options	$56.66	2025-03-06	BMI Common Stock (1208)	1208	Direct

Footnotes

F1: The value of the award will be determined at the closing price on March 4, 2019, the date of vesting.

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