BADGER METER INC — Director's Dealing 2021

Sep 15, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BADGER METER INC (BMI)
CIK: 0000009092
Period of Report: 2021-09-13

Reporting Person: Begale Fred J (VP-Engineering)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-09-13	Common Stock	M	2416	$28.33	Acquired	5081	Direct
2021-09-13	Common Stock	S	2416	$101.23	Disposed	2665	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-09-13	Stock Options	$28.33	M	2416	Disposed	2025-03-06	BMI Common Stock (2416)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6667.4659	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
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
Stock Options	$59.85	2029-03-01	BMI Common Stock (1648)	1648	Direct
Stock Options	$63.04	2030-03-06	BMI Common Stock (1715)	1715	Direct

Footnotes

F1: The price in Column 4 is a weighted average price. Prices actually received ranged from $101.17 to $101.38. 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.