SEC Form 4 · accession 0001209191-18-052138
BADGER METER INC · BMI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Todd A. Adams
Director
Period of report
Jul 17, 2018
Accepted (ET)
Sep 25, 2018 · 3:40 pm 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 | — | Jul 17, 2018 | A | 27 | A | — | — | BMI Common Stock | 27 | 4,715 | D |
| Phantom Stock UnitsF1 | — | Aug 10, 2018 | A | 78 | A | — | — | BMI Common Stock | 78 | 4,793 | D |
| Phantom Stock UnitsF1 | — | Sep 24, 2018 | A | 78 | A | — | — | BMI Common Stock | 78 | 4,872 | 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 the committee meeting fee of $1,200 for the July 17, 2018 audit committee meeting. The phantom stock units were computed at $44.70, the 6/29/2018 closing price of the Company's stock, as required by the plan.
- F3The phantom stock units were accrued in Mr. Adams' Badger Meter, Inc. Director Deferred Compensation Plan account as payment for the August 10, 2018 board meeting fee in the amount of $3,500. The phantom stock units were computed at $44.70, the 6/29/2018 closing price of the Company's stock, as required by the plan.
- F4The phantom stock units were accrued in Mr. Adams' Badger Meter, Inc. Director Deferred Compensation Plan account as payment for the September 24, 2018 board meeting fee in the amount of $3,500. The phantom stock units were computed at $44.70, the 6/29/2018 closing price of the Company's stock, as required by the plan.