BADGER METER INC — Director's Dealing 2021

Jan 25, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BADGER METER INC (BMI)
CIK: 0000009092
Period of Report: 2021-01-22

Reporting Person: Stoll Kimberly K (VP-Sales & Marketing)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2021-01-22	Common Stock	A	217.785	$94.06	Acquired	5810.0766	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6546.002	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$28.33	2025-03-06	BMI Common Stock (675)	675	Direct
Stock Options	$33.975	2026-03-04	BMI Common Stock (1154)	1154	Direct
Stock Options	$36.45	2027-03-03	BMI Common Stock (1932)	1932	Direct
Stock Options	$48.20	2028-03-02	BMI Common Stock (2027)	2027	Direct
Stock Options	$59.85	2029-03-01	BMI Common Stock (2060)	2060	Direct
Stock Options	$63.04	2030-03-06	BMI Common Stock (2315)	2315	Direct

Footnotes

F1: Represents shares of Badger Meter stock accumulated during 2020 and early 2021 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.