SEC Form 4 · accession 0001209191-19-008939
BADGER METER INC · BMI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Todd A. Adams
Director
Period of report
Feb 8, 2019
Accepted (ET)
Feb 11, 2019 · 4:30 pm EST
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 UnitsF2,F1 | — | Feb 8, 2019 | A | 120 | A | — | — | BMI Common Stock | 120 | 5,502 | D |
| Stock Options | $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
- 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 February 2019 board meeting fee in the amount of $3,500 and two February audit committee meetings at $1,200 each. The phantom stock units were computed at $49.21, the 12/31/2018 closing price of the Company's stock, as required by the plan.