SEC Info - Bergum William R A - ‘4’ for 9/10/20 re: Badger Meter Inc.

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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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^*

BERGUM WILLIAM R A

(Last)

(First)

(Middle)

4545 W. BROWN DEER ROAD

(Street)

MILWAUKEE

53223

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
BADGER METER INC [ BMI ]

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)
9/10/20

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	9/10/20		J ⁽¹⁾		1,611.129	D	$62.068	12,042.1474	I	ESSOP
Common Stock	9/11/20		M		1,500	A	$18.075	12,649	D
Common Stock	9/11/20		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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Options	$18.075	9/11/20		M			1,500	5/4/13	5/4/22	BMI Common Stock	1,500	⁽³⁾	0	D
Stock Options	$25.645							3/1/14	3/1/23	BMI Common Stock	2,362		2,362	D
Stock Options	$27.18							3/7/15	3/7/24	BMI Common Stock	2,416		2,416	D
Stock Options	$28.33							3/6/16	3/6/25	BMI Common Stock	2,416		2,416	D
Stock Options	$33.975							3/4/17	3/4/26	BMI Common Stock	2,064		2,064	D
Stock Options	$36.45							3/3/18	3/3/27	BMI Common Stock	1,981		1,981	D
Stock Options	$48.2							3/2/19	3/2/28	BMI Common Stock	1,621		1,621	D
Stock Options	$59.85							3/1/20	3/1/29	BMI Common Stock	1,648		1,648	D
Stock Options	$63.04							3/6/21	3/6/30	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.

Remarks:

	/s/ William R.A. Bergum	9/14/20
	** 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.

____________ Transaction Codes:
D	Disposition to the Issuer of Issuer equity securities pursuant to Rule 16b-3(e).
J	Other acquisition or disposition.
M	Exercise or conversion of derivative security exempted pursuant to Rule 16b-3.

Bergum William R A – ‘4’ for 9/10/20 re: Badger Meter Inc.

On: Monday, 9/14/20, at 6:18pm ET · For: 9/10/20 · Accession #: 1209191-20-50325 · File #: 1-06706

Previous ‘4’: ‘4’ on 3/10/20 for 3/6/20 · Next: ‘4’ on 12/15/20 for 12/14/20 · Latest: ‘4’ on 3/7/24 for 2/6/24

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34
Filing Table of Contents

This ‘4’ Document is an XML Data File that may be rendered in various formats:

Bergum William R A – ‘4’ for 9/10/20 re: Badger Meter Inc.

On: Monday, 9/14/20, at 6:18pm ET · For: 9/10/20 · Accession #: 1209191-20-50325 · File #: 1-06706

Previous ‘4’: ‘4’ on 3/10/20 for 3/6/20 · Next: ‘4’ on 12/15/20 for 12/14/20 · Latest: ‘4’ on 3/7/24 for 2/6/24

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34Filing Table of Contents

This ‘4’ Document is an XML Data File that may be rendered in various formats:

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34
Filing Table of Contents