BADGER METER INC — Director's Dealing 2020

Apr 29, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BADGER METER INC (BMI)
CIK: 0000009092
Period of Report: 2020-04-27

Reporting Person: McGill James W (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-04-27	Common Stock	A	1021	$58.82	Acquired	1021	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-04-27	Stock Options	$58.82	A	2789	Acquired	2030-04-27	BMI Common Stock (2789)	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 $58,000 as rounded down to the nearest whole share based on a 10-day average closing price of the Company's Common stock.

F2: Stock options 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 a one-time stock option grant valued at $50,000 calculated by dividing $50,000 by the Black-Scholes value on the Friday following the annual meeting.

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