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BADGER METER INC — Director's Dealing 2017
May 9, 2017
30998_dirs_2017-05-09_c0840c72-b156-4fde-8243-2ee0b4e336fa.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: BADGER METER INC (BMI)
CIK: 0000009092
Period of Report: 2017-05-05
Reporting Person: ADAMS TODD A. (Director)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-05-05 | Stock Options | $38.55 | A | 2627 | Acquired | 2027-05-05 | BMI Common Stock (2627) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Phantom Stock Units | $ | BMI Common Stock (1877.78) | 1877.78 | Direct |
Footnotes
F1: Stock options granted pursuant to the 2011 Omnibus Incentive Plan as approved by shareholders on April 29, 2011 and re-approved on April 29, 2016. Non-employee directors are given a one-time stock option grant valued at $50,000 calculated by dividing $50,000 by the Black-Scholes value on the Friday following the annual meeting.
F2: Stock Options are granted on a one-for-one basis.
F3: Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable, based on the plan choices, upon the reporting person's termination of service as a director.