BADGER METER INC — Director's Dealing 2018

Mar 6, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BADGER METER INC (BMI)
CIK: 0000009092
Period of Report: 2018-03-02

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-03-02	Common Stock	A	763	$0.00	Acquired	12506	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-03-02	Stock Options	$48.20	A	2027	Acquired	2028-03-02	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	$18.075	2022-05-04	BMI Common Stock (2130)	2130	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 (2607)	2607	Direct

Footnotes

F1: Restricted stock granted March 2, 2018 to reporting person under the 2011 Omnibus Incentive Plan. The restricted stock vests 100% on the third anniversary of the date of grant.

F2: Grant to reporting person of option to buy shares under the 2011 Omnibus Incentive Plan. This option vests and becomes exercisable in 20% increments on March 2, 2019, 2020, 2021, 2022 and 2023, respectively.