Fred J. Begale - Sep 13, 2021 Form 4 Insider Report for BADGER METER INC (BMI)

Role
VP-Engineering
Signature
/s/ William R.A. Bergum, Attorney-in-Fact for Fred J. Begale
Stock symbol
BMI
Transactions as of
Sep 13, 2021
Transactions value $
-$176,126
Form type
4
Date filed
9/15/2021, 05:30 PM
Next filing
Jan 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BMI Common Stock Options Exercise $68.4K +2.42K +90.66% $28.33* 5.08K Sep 13, 2021 Direct
transaction BMI Common Stock Sale -$245K -2.42K -47.55% $101.23 2.67K Sep 13, 2021 Direct F1
holding BMI Common Stock 6.67K Sep 13, 2021 ESSOP

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction BMI Stock Options Options Exercise -2.42K -100% 0 Sep 13, 2021 BMI Common Stock 2.42K $28.33 Direct F2
holding BMI Stock Options 2.06K Sep 13, 2021 BMI Common Stock 2.06K $33.98 Direct
holding BMI Stock Options 1.98K Sep 13, 2021 BMI Common Stock 1.98K $36.45 Direct
holding BMI Stock Options 1.62K Sep 13, 2021 BMI Common Stock 1.62K $48.20 Direct
holding BMI Stock Options 1.65K Sep 13, 2021 BMI Common Stock 1.65K $59.85 Direct
holding BMI Stock Options 1.72K Sep 13, 2021 BMI Common Stock 1.72K $63.04 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.