BADGER METER INC — Director's Dealing 2019

Jan 25, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BADGER METER INC (BMI)
CIK: 0000009092
Period of Report: 2019-01-25

Reporting Person: SMILEY BEVERLY L P (VP-Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-01-25	Common Stock	A	66.1028	$49.21	Acquired	12948.5508	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	48516.2	Direct
Common Stock	1000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$27.18	2024-03-07	BMI Common Stock (483.2)	483.2	Direct
Stock Options	$28.33	2025-03-06	BMI Common Stock (966.4)	966.4	Direct
Stock Options	$33.975	2026-03-04	BMI Common Stock (1238.4)	1238.4	Direct
Stock Options	$36.45	2027-03-03	BMI Common Stock (1584.8)	1584.8	Direct
Stock Options	$48.20	2028-01-01	BMI Common Stock (1540)	1540	Direct

Footnotes

F1: Represents shares of Badger Meter stock accumulated during 2018 and early 2019 in the participant's 401k component of the ESSOP, including contributions and 401K match.

F2: Year end stock price for Badger Meter Common Stock used to calculate the Company's match.