BADGER METER INC — Director's Dealing 2017

Feb 14, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BADGER METER INC (BMI)
CIK: 0000009092
Period of Report: 2017-02-10

Reporting Person: ADAMS TODD A. (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-10	Phantom Stock Units	$	A	201.46	Acquired		BMI Common Stock (201.46)	Direct

Footnotes

F1: Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable, in cash or common stock, at the election of the reporting person, upon the reporting person's termination of service as a director.

F2: The phantom stock units were accrued in Mr. Adams' Badger Meter, Inc. Director Deferred Compensation Plan account as prorated payment for his first quarterly retainer paid to non-employee directors in the amount of $4,444, and the board meeting fee for February 10, 2017 in the amount of $3,000. The phantom stock units were computed at $36.95, the 12/31/2016 closing price of the Company's stock, as required by the plan.