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: GOMEZ GREGORY M (VP-Flow Instrumentation)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-08-27	Common Stock	M	1200	$19.345	Acquired	17016	Direct
2018-08-27	Common Stock	M	2400	$19.205	Acquired	19416	Direct
2018-08-27	Common Stock	M	2400	$18.295	Acquired	21816	Direct
2018-08-27	Common Stock	S	6000	$54.824	Disposed	15816	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-08-27	Stock Options	$19.345	M	1200	Disposed	2019-05-01	BMI Common Stock (1200)	Direct
2018-08-27	Stock Options	$19.205	M	2400	Disposed	2020-05-07	BMI Common Stock (2400)	Direct
2018-08-27	Stock Options	$18.295	M	2400	Disposed	2021-05-06	BMI Common Stock (2400)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	12472.239	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$18.075	2022-05-04	BMI Common Stock (4800)	4800	Direct
Stock Options	$25.645	2023-03-01	BMI Common Stock (2836)	2836	Direct
Stock Options	$27.18	2024-03-07	BMI Common Stock (2818)	2818	Direct
Stock Options	$28.33	2025-03-06	BMI Common Stock (3378)	3378	Direct
Stock Options	$33.975	2026-03-04	BMI Common Stock (2886)	2886	Direct
Stock Options	$36.45	2027-03-03	BMI Common Stock (2294)	2294	Direct
Stock Options	$48.20	2028-03-02	BMI Common Stock (1783)	1783	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.