SEC Form 4 · accession 0001209191-17-030781
BADGER METER INC · BMI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Todd A. Adams
Director
Period of report
May 5, 2017
Accepted (ET)
May 9, 2017 · 10:46 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF2 | $38.55 | May 5, 2017 | A | 2,627 | A | May 5, 2018 | May 5, 2027 | BMI Common Stock | 2,627 | 2,627 | D |
| Phantom Stock UnitsF3 | — | holding | — | — | — | — | — | BMI Common Stock | 1,878 | 1,878 | D |
Explanation of responses
- F1Stock options 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 a one-time stock option grant valued at $50,000 calculated by dividing $50,000 by the Black-Scholes value on the Friday following the annual meeting.
- F2Stock Options are granted on a one-for-one basis.
- F3Each share of phantom stock is the economic equivalent of one share of common stock. The shares of phantom stock become payable, based on the plan choices, upon the reporting person's termination of service as a director.