BADGER METER INC — Director's Dealing 2020

Mar 3, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BADGER METER INC (BMI)
CIK: 0000009092
Period of Report: 2020-03-03

Reporting Person: MEEUSEN RICHARD A (Retired Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-03	Common Stock	M	20400	$19.205	Acquired	94982	Direct
2020-03-03	Common Stock	S	20400	$63.077	Disposed	74582	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-03-03	Stock Options	$19.205	M	20400	Disposed	2020-05-07	BMI Common Stock (20400)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$18.295	2021-05-06	BMI Common Stock (26600)	26600	Direct
Stock Options	$18.075	2022-05-04	BMI Common Stock (37600)	37600	Direct
Stock Options	$25.645	2023-03-01	BMI Common Stock (22734)	22734	Direct
Stock Options	$27.18	2024-03-07	BMI Common Stock (23624)	23624	Direct
Stock Options	$28.33	2025-03-06	BMI Common Stock (24176)	24176	Direct
Stock Options	$33.975	2026-03-04	BMI Common Stock (20658)	20658	Direct
Stock Options	$36.45	2027-03-03	BMI Common Stock (20340)	20340	Direct
Stock Options	$48.20	2028-03-02	BMI Common Stock (15810)	15810	Direct

Footnotes

F1: The price in Column 4 is a weighted average price. Prices actually received ranged from $62.57 to $64.00. 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.