BADGER METER INC — Director's Dealing 2019

Mar 6, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BADGER METER INC (BMI)
CIK: 0000009092
Period of Report: 2019-03-05

Reporting Person: SERDYNSKI RAYMOND G (VP-Manufacturing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-03-05	Common Stock	S	842	$58.4545	Disposed	7629	Direct
2019-03-06	Common Stock	M	2400	$19.205	Acquired	10029	Direct
2019-03-06	Common Stock	M	2400	$18.295	Acquired	12429	Direct
2019-03-06	Common Stock	M	3200	$18.075	Acquired	15629	Direct
2019-03-06	Common Stock	M	2362	$25.645	Acquired	17991	Direct
2019-03-06	Common Stock	S	10362	$57.293	Disposed	7629	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-03-06	Stock Options	$19.205	M	2400	Disposed	2020-05-07	BMI Common Stock (2400)	Direct
2019-03-06	Stock Options	$18.295	M	2400	Disposed	2021-05-06	BMI Common Stock (2400)	Direct
2019-03-06	Stock Options	$18.075	M	3200	Disposed	2022-05-04	BMI Common Stock (3200)	Direct
2019-03-06	Stock Options	$25.645	M	2362	Disposed	2023-03-01	BMI Common Stock (2362)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	22603.6423	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$27.18	2024-03-07	BMI Common Stock (2416)	2416	Direct
Stock Options	$28.33	2025-03-06	BMI Common Stock (2416)	2416	Direct
Stock Options	$33.975	2026-03-04	BMI Common Stock (2064)	2064	Direct
Stock Options	$36.45	2027-03-03	BMI Common Stock (1981)	1981	Direct
Stock Options	$48.20	2028-03-02	BMI Common Stock (1621)	1621	Direct

Footnotes

F1: The price in Column 4 is a weighted average price. Prices actually received ranged from $57.00 to $57.475. 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.