BADGER METER INC — Director's Dealing 2018

Feb 26, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BADGER METER INC (BMI)
CIK: 0000009092
Period of Report: 2018-02-23

Reporting Person: KLAPPA GALE E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-02-23	Common Stock	M	12000	$19.205	Acquired	27723	Direct
2018-02-23	Common Stock	S	12000	$50.1611	Disposed	15723	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-02-23	Stock Options	$19.205	M	12000	Disposed	2020-05-07	BMI Common Stock (12000)	Direct

Footnotes

F1: The price in Column 4 is a weighted average price. The prices actually received ranged from $50.10 to $50.40. 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 within the range for all transactions reported in this Form 4 utilizing an average weighted price.

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