SEC Form 4 · accession 0001209191-17-024426
BADGER METER INC · BMI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Todd A. Adams
Director
Period of report
Apr 3, 2017
Accepted (ET)
Apr 4, 2017 · 10:59 am EDT
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 | — | Apr 3, 2017 | A | 218 | A | — | — | BMI Common Stock | 218 | 419 | 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 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 payment for his 2017 Quarter 2 retainer paid to non-employee directors in the amount of $8,000. The phantom stock units were computed at $36.75, the 3/31/2017 closing price of the Company's stock, as required by the plan.