SEC Form 4 · accession 0001209191-16-117242
BADGER METER INC · BMI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gale E Klappa
Director
Period of report
May 2, 2016
Accepted (ET)
May 4, 2016 · 12:46 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000009092
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF2 | May 2, 2016 | A | 753 | $71.62 | A | 7,173 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options | $38.41 | holding | — | — | — | May 7, 2011 | May 7, 2020 | BMI Common Stock | 6,000 | 6,000 | D |
Explanation of responses
- F1Shares granted pursuant to the 2011 Omnibus Incentive Plan as approved by shareholders on April 29, 2011 and re-approved on April 29, 2016. Non-employee directors are given an annual grant of Badger Meter Common Stock on the first business day following the Company's annual meeting. This year's grant is equal to $54,000 as rounded down to the nearest whole share based on a 10-day average closing price of the Company's Common stock.
- F2Ten-day average closing price of Badger Meter, Inc. Common Stock at 5/2/2016, the date of grant.