BADGER METER INC — Director's Dealing 2017

Mar 14, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BADGER METER INC (BMI)
CIK: 0000009092
Period of Report: 2017-03-13

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-03-13	Common Stock	M	480	$18.295	Acquired	102741	Direct
2017-03-13	Common Stock	M	640	$18.075	Acquired	103381	Direct
2017-03-13	Common Stock	M	473	$25.645	Acquired	103854	Direct
2017-03-13	Common Stock	M	483	$27.18	Acquired	104337	Direct
2017-03-13	Common Stock	M	484	$28.33	Acquired	104821	Direct
2017-03-13	Common Stock	S	3884	$35.05	Disposed	100937	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-03-13	Stock Options	$18.295	M	480	Disposed	2021-05-06	BMI Common Stock (480)	Direct
2017-03-13	Stock Options	$18.075	M	640	Disposed	2022-05-04	BMI Common Stock (640)	Direct
2017-03-13	Stock Options	$25.645	M	473	Disposed	2023-03-01	BMI Common Stock (473)	Direct
2017-03-13	Stock Options	$27.18	M	483	Disposed	2024-03-07	BMI Common Stock (483)	Direct
2017-03-13	Stock Options	$28.33	M	484	Disposed	2025-03-06	BMI Common Stock (484)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	12832.4351	Indirect
Common Stock	1260	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$33.975	2026-03-04	BMI Common Stock (2064)	2064	Direct
Stock Options	$36.45	2027-03-03	BMI Common Stock (1981)	1981	Direct

Footnotes

F1: This total now includes all restricted stock that was previously listed as a separate line item.

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