Kimberly K. Stoll - Mar 2, 2023 Form 4 Insider Report for BADGER METER INC (BMI)

Role
VP-Sales & Marketing
Signature
/s/ William R.A. Bergum, Attorney-in-Fact for Kimberly K. Stoll
Stock symbol
BMI
Transactions as of
Mar 2, 2023
Transactions value $
-$138,205
Form type
4
Date filed
3/3/2023, 02:56 PM
Previous filing
Jan 18, 2023
Next filing
Mar 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BMI Common Stock Options Exercise $19.6K +577 +13.08% $33.98* 4.99K Mar 2, 2023 Direct
transaction BMI Common Stock Options Exercise $38K +1.04K +20.9% $36.45* 6.03K Mar 2, 2023 Direct
transaction BMI Common Stock Sale -$196K -1.62K -26.85% $120.88 4.41K Mar 2, 2023 Direct F1
holding BMI Common Stock 6.11K Mar 2, 2023 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 -577 -100% 0 Mar 2, 2023 BMI Common Stock 577 $33.98 Direct F2
transaction BMI Stock Options Options Exercise -1.04K -100% 0 Mar 2, 2023 BMI Common Stock 1.04K $36.45 Direct F2
holding BMI Stock Options 1.22K Mar 2, 2023 BMI Common Stock 1.22K $48.20 Direct
holding BMI Stock Options 1.65K Mar 2, 2023 BMI Common Stock 1.65K $59.85 Direct
holding BMI Stock Options 2.32K Mar 2, 2023 BMI Common Stock 2.32K $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. The prices actually received ranged from $120.57 to $120.93. 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 within the range for all transactions reported in this Form 4 utilizing an average weighted price.
F2 Stock Options are granted on a one-for-one basis.