BADGER METER INC — Director's Dealing 2017

Jan 31, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BADGER METER INC (BMI)
CIK: 0000009092
Period of Report: 2017-01-30

Reporting Person: JOHNSON RICHARD E (Sr. VP-Finance, Treas & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-01-30	Common Stock	A	141.1039	$36.95	Acquired	4967.2175	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	159984	Direct
Common Stock	9398	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$18.295	2021-05-06	BMI Common Stock (2000)	2000	Direct
Stock Options	$18.075	2022-05-04	BMI Common Stock (6000)	6000	Direct
Stock Options	$25.645	2023-03-01	BMI Common Stock (3780)	3780	Direct
Stock Options	$27.18	2024-03-07	BMI Common Stock (5262)	5262	Direct
Stock Options	$28.33	2025-03-06	BMI Common Stock (6498)	6498	Direct
Stock Options	$33.975	2026-03-04	BMI Common Stock (5552)	5552	Direct

Footnotes

F1: Represents shares of Badger Meter stock accumulated during 2016 and early 2017 in the participant's ESSOP accounts, including defined contributions and the Company's year-end 401K match.

F2: Year end stock price for Badger Meter Common Stock used to calculate the Company's match.