SEC Form 4 · accession 0001209191-17-030785
BADGER METER INC · BMI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James F Stern
Director
Period of report
May 5, 2017
Accepted (ET)
May 9, 2017 · 10:49 am 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 Stock | holding | — | — | — | 1,377 | D |
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 |
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.