Todd A. Adams - Aug 2, 2023 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
Aug 2, 2023
Transactions value $
-$325,977
Form type
4
Date filed
8/2/2023, 06:08 PM
Previous filing
Jul 5, 2023
Next filing
Oct 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction BMI Common Stock Options Exercise $101K +2.63K $38.55* 2.63K Aug 2, 2023 Direct
transaction BMI Common Stock Sale -$427K -2.63K -100% $162.64 0 Aug 2, 2023 Direct F1

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 -2.63K -100% 0 Aug 2, 2023 BMI Common Stock 2.63K $38.55 Direct F2
holding BMI Phantom Stock Units 13.7K Aug 2, 2023 BMI Common Stock 13.7K Direct F3
* 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 $162.40 to $162.92. 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.
F3 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.