Todd A. Adams - Oct 1, 2021 Form 4 Insider Report for BADGER METER INC (BMI)

Role
Director
Signature
/s/ William R.A. Bergum, Attorney-in-Fact for Todd A. Adams
Stock symbol
BMI
Transactions as of
Oct 1, 2021
Transactions value $
$16,500
Form type
4
Date filed
10/5/2021, 08:52 AM
Previous filing
Aug 26, 2021
Next filing
Oct 6, 2021

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 Phantom Stock Units Award $16.5K +163 +1.49% $101.14 11.1K Oct 1, 2021 BMI Common Stock 163 Direct F1, F2
transaction BMI Phantom Stock Units Other +44.6 +0.4% 11.2K Oct 1, 2021 BMI Common Stock 44.6 Direct F1, F3
holding BMI Stock Options 2.63K Oct 1, 2021 BMI Common Stock 2.63K $38.55 Direct
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable in cash upon the reporting person's termination of service as a director.
F2 The phantom stock units were accrued in Mr. Adams' Badger Meter, Inc. Director Deferred Compensation Plan account as payment for his 2021 Fourth Quarter retainer of $16,500. The phantom stock units were computed at $101.14, the 9/30/2021 closing price of the Company's stock, as required by the plan.
F3 Includes phantom stock units acquired through routine dividend equivalent payments on previously granted phantom stock units, which acquisitions are exempt under Rule 16a-11."