BADGER METER INC — Director's Dealing 2017

Mar 6, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: Begale Fred J (VP-Engineering)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-03-03	Common Stock	A	783	—	Acquired	4261	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-03-03	Stock Options	$36.45	A	1981	Acquired	2027-03-03	BMI Common Stock (1981)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6326.8524	Indirect
Common Stock	2672	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$33.975	2026-03-04	BMI Common Stock (2064)	2064	Direct
Stock Options	$19.345	2019-05-01	BMI Common Stock (3000)	3000	Direct
Stock Options	$18.075	2022-05-04	BMI Common Stock (640)	640	Direct
Stock Options	$25.645	2023-03-01	BMI Common Stock (2362)	2362	Direct
Stock Options	$27.18	2024-03-07	BMI Common Stock (2416)	2416	Direct
Stock Options	$28.33	2025-03-06	BMI Common Stock (2416)	2416	Direct

Footnotes

F1: The value of the award will be determined at the closing price on March 3, 2020, the date of vesting.

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