BADGER METER INC — Director's Dealing 2019

Mar 18, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BADGER METER INC (BMI)
CIK: 0000009092
Period of Report: 2019-03-14

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-03-14	Common Stock	M	564	$27.18	Acquired	9889.002	Direct
2019-03-14	Common Stock	M	676	$28.33	Acquired	10565.002	Direct
2019-03-14	Common Stock	M	1732	$33.975	Acquired	12297.002	Direct
2019-03-14	Common Stock	M	675	$36.45	Acquired	12972.002	Direct
2019-03-14	Common Stock	S	3647	$56.6203	Disposed	9325.002	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-03-14	Stock Options	$27.18	M	564	Disposed	2024-03-07	BMI Common Stock (564)	Direct
2019-03-14	Stock Options	$28.33	M	676	Disposed	2025-03-06	BMI Common Stock (676)	Direct
2019-03-14	Stock Options	$33.975	M	1732	Disposed	2026-03-04	BMI Common Stock (1732)	Direct
2019-03-14	Stock Options	$36.45	M	675	Disposed	2027-03-03	BMI Common Stock (675)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5304.1655	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$48.20	2028-03-02	BMI Common Stock (2027)	2027	Direct
Stock Options	$59.85	2029-03-01	BMI Common Stock (2060)	2060	Direct

Footnotes

F1: The price in Column 4 is a weighted average price. Prices actually received ranged from $56.60 to $56.675. 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.