BADGER METER INC — Director's Dealing 2021

Aug 25, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BADGER METER INC (BMI)
CIK: 0000009092
Period of Report: 2021-08-24

Reporting Person: GOMEZ GREGORY M (VP-Flow Instrumentation)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-08-24	Common Stock	M	2836	$25.645	Acquired	17748	Direct
2021-08-24	Common Stock	M	2818	$27.18	Acquired	20566	Direct
2021-08-24	Common Stock	S	5654	$105.776	Disposed	14912	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2021-08-24	Stock Options	$25.645	M	2836	Disposed	2023-03-01	BMI Common Stock (2836)	Direct
2021-08-24	Stock Options	$27.18	M	2818	Disposed	2024-03-07	BMI Common Stock (2818)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	13158.0944	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$28.33	2025-03-06	BMI Common Stock (3378)	3378	Direct
Stock Options	$33.975	2026-03-04	BMI Common Stock (2886)	2886	Direct
Stock Options	$36.45	2027-03-03	BMI Common Stock (2294)	2294	Direct
Stock Options	$48.20	2028-03-02	BMI Common Stock (1783)	1783	Direct
Stock Options	$59.85	2029-03-01	BMI Common Stock (1813)	1813	Direct
Stock Options	$63.04	2030-03-06	BMI Common Stock (2315)	2315	Direct

Footnotes

F1: The price in Column 4 is a weighted average price. Prices actually received ranged from $104.78 to $107.20. 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.