SEC Form 4
Washington, D.C. 20549


Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*

(Last) (First) (Middle)


(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
VP-Gen. Counsel and Secretary
3. Date of Earliest Transaction (Month/Day/Year)
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 09/10/2020 J(1) 1,611.129 D $62.068 12,042.1474 I ESSOP
Common Stock 09/11/2020 M 1,500 A $18.075 12,649 D
Common Stock 09/11/2020 D 1,500 D $61.84(2) 11,149 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Options $18.075 09/11/2020 M 1,500 05/04/2013 05/04/2022 BMI Common Stock 1,500 (3) 0 D
Stock Options $25.645 03/01/2014 03/01/2023 BMI Common Stock 2,362 2,362 D
Stock Options $27.18 03/07/2015 03/07/2024 BMI Common Stock 2,416 2,416 D
Stock Options $28.33 03/06/2016 03/06/2025 BMI Common Stock 2,416 2,416 D
Stock Options $33.975 03/04/2017 03/04/2026 BMI Common Stock 2,064 2,064 D
Stock Options $36.45 03/03/2018 03/03/2027 BMI Common Stock 1,981 1,981 D
Stock Options $48.2 03/02/2019 03/02/2028 BMI Common Stock 1,621 1,621 D
Stock Options $59.85 03/01/2020 03/01/2029 BMI Common Stock 1,648 1,648 D
Stock Options $63.04 03/06/2021 03/06/2030 BMI Common Stock 2,144 2,144 D
Explanation of Responses:
1. Mr. Bergum elected to make an intra-fund transfer out of the Badger Meter Stock Fund into other 401(k) investment options. The Badger Meter Stock Fund shares represented are share equivalents of a unitized stock fund which utilizes units calculated using a ratio of cash held in the fund, number of shares in the fund and stock share price.
2. The price in Column 4 is a weighted average price. Prices actually received ranged from $61.80 to $62.00. 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.
3. Stock Options are granted on a one-for-one basis.
/s/ William R.A. Bergum 09/14/2020
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.