BADGER METER INC — Director's Dealing 2019

Apr 30, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BADGER METER INC (BMI)
CIK: 0000009092
Period of Report: 2019-04-29

Reporting Person: Myers Tessa M. (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-04-29	Common Stock	A	1020	$54.12	Acquired	1020	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-04-29	Stock Options	$54.12	A	2512	Acquired	2029-04-29	BMI Common Stock (2512)	Direct

Footnotes

F1: Shares granted pursuant to the 2011 Omnibus Incentive Plan as approved by shareholders on April 29, 2011 and re-approved on April 29, 2016. Non-employee directors are given an annual grant of Badger Meter Common Stock on the first business day following the Company's annual meeting. This year's grant is equal to $57,000 as rounded down to the nearest whole share based on a 10-day average closing price of the Company's Common stock.

F2: Grant to reporting person of option to buy shares under the 2011 Omnibus Incentive Plan. This one-time option grant for new directors represents $50,000 in value utilizing the current Black-Scholes valuation. The option grant vests and becomes exercisable one year from the grant date.

F3: Stock Options are granted on a one-for-one basis.