BADGER METER INC — Director's Dealing 2022

Mar 8, 2022

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BADGER METER INC (BMI)
CIK: 0000009092
Period of Report: 2022-03-04

Reporting Person: BERGUM WILLIAM R A (VP-Gen. Counsel and Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2022-03-04	Common Stock	A	631	—	Acquired	11931	Direct
2022-03-07	Common Stock	F	70	$95.42	Disposed	11861	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11257.8692	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$25.645	2023-03-01	BMI Common Stock (2362)	2362	Direct
Stock Options	$27.18	2024-03-07	BMI Common Stock (2416)	2416	Direct
Stock Options	$28.33	2025-03-06	BMI Common Stock (2416)	2416	Direct
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 (2144)	2144	Direct

Footnotes

F1: Restricted stock granted March 4, 2022 to reporting person under the 2021 Omnibus Incentive Plan. The restricted stock vests ratably over three years from the date of grant.

F2: The price in Column 4 is a weighted average price. Prices actually received ranged from $95.00 to $97.09. 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.