BADGER METER INC — Director's Dealing 2019

Feb 22, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BADGER METER INC (BMI)
CIK: 0000009092
Period of Report: 2019-02-22

Reporting Person: JOHNSON RICHARD E (Sr. VP-Admin)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-02-22	Common Stock	M	2000	$18.295	Acquired	52000	Direct
2019-02-22	Common Stock	M	6000	$18.075	Acquired	58000	Direct
2019-02-22	Common Stock	S	8000	$60.737	Disposed	50000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-02-22	Stock Options	$18.295	M	2000	Disposed	2021-05-06	BMI Common Stock (2000)	Direct
2019-02-22	Stock Options	$18.075	M	6000	Disposed	2022-05-04	BMI Common Stock (6000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5138.119	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$25.645	2023-03-01	BMI Common Stock (3780)	3780	Direct
Stock Options	$27.18	2024-03-07	BMI Common Stock (5262)	5262	Direct
Stock Options	$28.33	2025-03-06	BMI Common Stock (6498)	6498	Direct
Stock Options	$33.975	2026-03-04	BMI Common Stock (5552)	5552	Direct
Stock Options	$36.45	2027-03-03	BMI Common Stock (5215)	5215	Direct
Stock Options	$48.20	2028-03-02	BMI Common Stock (4054)	4054	Direct

Footnotes

F1: The price in Column 4 is a weighted average price. The prices actually received ranged from $60.40 to $61.22. 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.