SEC Form 4 · accession 0001209191-17-010369
BADGER METER INC · BMI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Todd A. Adams
Director
Period of report
Feb 10, 2017
Accepted (ET)
Feb 14, 2017 · 1:38 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000009092
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitsF1 | — | Feb 10, 2017 | A | 201 | A | — | — | BMI Common Stock | 201 | 201 | D |
Explanation of responses
- F1Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable, in cash or common stock, at the election of the reporting person, upon the reporting person's termination of service as a director.
- F2The phantom stock units were accrued in Mr. Adams' Badger Meter, Inc. Director Deferred Compensation Plan account as prorated payment for his first quarterly retainer paid to non-employee directors in the amount of $4,444, and the board meeting fee for February 10, 2017 in the amount of $3,000. The phantom stock units were computed at $36.95, the 12/31/2016 closing price of the Company's stock, as required by the plan.