SEC Form 4 · accession 0001209191-16-152594
BADGER METER INC · BMI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Fred J Begale
Officer — VP-Engineering
Period of report
Nov 30, 2016
Accepted (ET)
Dec 1, 2016 · 12:48 pm EST
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 StockF1 | Nov 30, 2016 | M | 2,000 | $19.345 | A | 4,672 | D | |
| Common StockF2,F1 | Nov 30, 2016 | S | 2,000 | $36.3163 | D | 2,672 | D | |
| Common StockF3 | holding | — | — | — | 5,868 | I | ESSOP | |
| Common StockF3 | holding | — | — | — | 3,478 | I | Restricted Stock |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF4,F5 | $19.345 | Nov 30, 2016 | M | 2,000 | D | May 1, 2010 | May 1, 2019 | BMI Common Stock | 2,000 | 3,000 | D |
| Stock OptionsF6 | $18.075 | holding | — | — | — | May 4, 2013 | May 4, 2022 | BMI Common Stock | 640 | 640 | D |
| Stock OptionsF6 | $25.645 | holding | — | — | — | Mar 1, 2014 | Mar 1, 2023 | BMI Common Stock | 2,362 | 2,362 | D |
| Stock OptionsF6 | $27.18 | holding | — | — | — | Mar 7, 2015 | Mar 7, 2024 | BMI Common Stock | 2,416 | 2,416 | D |
| Stock OptionsF6 | $28.33 | holding | — | — | — | Mar 6, 2016 | Mar 6, 2025 | BMI Common Stock | 2,416 | 2,416 | D |
| Stock OptionsF6 | $33.975 | holding | — | — | — | Mar 4, 2017 | Mar 4, 2026 | BMI Common Stock | 2,064 | 2,064 | D |
Explanation of responses
- F1The amount shown reflects the number of shares held following the reported transaction, as adjusted for a 2-for-1 stock split effectuated by the issuer on September 15, 2016.
- F2The price in Column 4 is a weighted average price. The prices actually received ranged from $36.30 to $36.325. 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.
- F3The amount shown reflects the number of shares held, adjusted for a 2-for-1 stock split effectuated by the issuer on September 15, 2016.
- F4Stock Options are granted on a one-for-one basis.
- F5The amount shown reflects the number of stock options held following the reported transaction. The stock option grant price and number of stock options has been adjusted to reflect a 2-for-1 stock split effectuated by the issuer on September 15, 2016.
- F6The stock option grant price and number of stock options has been adjusted to reflect a 2-for-1 stock split effectuated by the issuer on September 15, 2016.