BADGER METER INC — Director's Dealing 2018

Dec 12, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BADGER METER INC (BMI)
CIK: 0000009092
Period of Report: 2018-12-11

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-12-11	Common Stock	S	4000	$54.4154	Disposed	48516.2	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	12882.448	Indirect
Common Stock	1000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$27.18	2024-03-07	BMI Common Stock (483.2)	483.2	Direct
Stock Options	$28.33	2025-03-06	BMI Common Stock (966.4)	966.4	Direct
Stock Options	$33.975	2026-03-04	BMI Common Stock (1238.4)	1238.4	Direct
Stock Options	$36.45	2027-03-03	BMI Common Stock (1584.8)	1584.8	Direct
Stock Options	$48.20	2028-03-02	BMI Common Stock (1540)	1540	Direct

Footnotes

F1: The price in Column 4 is a weighted average price. Prices actually received ranged from $54.40 to $54.46. 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 for all transactions reported in this Form 4.