BADGER METER INC — Director's Dealing 2018

Aug 28, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BADGER METER INC (BMI)
CIK: 0000009092
Period of Report: 2018-08-27

Reporting Person: Stoll Kimberly K (VP-Sales & Marketing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-08-27	Common Stock	M	2130	$18.075	Acquired	10832.002	Direct
2018-08-27	Common Stock	M	2836	$25.645	Acquired	13668.002	Direct
2018-08-27	Common Stock	M	2254	$27.18	Acquired	15922.002	Direct
2018-08-27	Common Stock	M	2027	$28.33	Acquired	17949.002	Direct
2018-08-27	Common Stock	S	9247	$54.824	Disposed	8702.002	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-08-27	Stock Options	$18.075	M	2130	Disposed	2022-05-04	BMI Common Stock (2130)	Direct
2018-08-27	Stock Options	$25.645	M	2836	Disposed	2023-03-01	BMI Common Stock (2836)	Direct
2018-08-27	Stock Options	$27.18	M	2254	Disposed	2024-03-07	BMI Common Stock (2254)	Direct
2018-08-27	Stock Options	$28.33	M	2027	Disposed	2025-03-06	BMI Common Stock (2027)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	4969.5773	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$33.975	2026-03-04	BMI Common Stock (2886)	2886	Direct
Stock Options	$36.45	2027-03-03	BMI Common Stock (2607)	2607	Direct
Stock Options	$48.20	2028-03-02	BMI Common Stock (2027)	2027	Direct

Footnotes

F1: The price in Column 4 is a weighted average price. Prices actually received ranged from $54.75 to $55.05. 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.

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