BADGER METER INC — Director's Dealing 2017

Mar 13, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BADGER METER INC (BMI)
CIK: 0000009092
Period of Report: 2017-03-09

Reporting Person: GRAS HORST (VP-International)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-03-09	Common Stock	S	1324	$34.607	Disposed	17598.232	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$18.075	2022-05-04	BMI Common Stock (1280)	1280	Direct
Stock Options	$25.645	2023-03-01	BMI Common Stock (1418)	1418	Direct
Stock Options	$27.18	2024-03-07	BMI Common Stock (1932)	1932	Direct
Stock Options	$28.33	2025-03-06	BMI Common Stock (2416)	2416	Direct
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: The price in Column 4 is a weighted average price. The prices actually received ranged from $34.45 to $35.025. 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.

F2: This total now includes all restricted stock that was previously listed as a separate line item.