SEC Form 4 · accession 0001209191-18-013232
BADGER METER INC · BMI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gale E Klappa
Director
Period of report
Feb 23, 2018
Accepted (ET)
Feb 26, 2018 · 11:11 am 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 Stock | Feb 23, 2018 | M | 12,000 | $19.205 | A | 27,723 | D | |
| Common StockF1 | Feb 23, 2018 | S | 12,000 | $50.1611 | D | 15,723 | 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 | $19.205 | Feb 23, 2018 | M | 12,000 | D | May 7, 2011 | May 7, 2020 | BMI Common Stock | 12,000 | 0 | D |
Explanation of responses
- F1The price in Column 4 is a weighted average price. The prices actually received ranged from $50.10 to $50.40. 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.
- F2Stock Options are granted on a one-for-one basis.