# EDGAR Filing Document

**Accession Number:** 0001353821
**File Stem:** 0001209191-23-016533
**Filing Date:** 2023-3
**Character Count:** 6568
**Document Hash:** a85f101519a7d53f17324329a6410b34
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001209191-23-016533.hdr.sgml**: 20230306

**ACCESSION NUMBER**: 0001209191-23-016533

**CONFORMED SUBMISSION TYPE**: 4

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20230303

**FILED AS OF DATE**: 20230306

**DATE AS OF CHANGE**: 20230306

**REPORTING-OWNER**: 

**OWNER DATA:**
- **COMPANY CONFORMED NAME:** BERGUM WILLIAM R A
- **CENTRAL INDEX KEY:** 0001353821

**FILING VALUES:**
- **FORM TYPE:** 4
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-06706
- **FILM NUMBER:** 23710660

**MAIL ADDRESS:**
- **STREET 1:** P O BOX 245036
- **STREET 2:** 4545 W BROWN DEER RD
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53223
**ISSUER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** BADGER METER INC
- **CENTRAL INDEX KEY:** 0000009092
- **STANDARD INDUSTRIAL CLASSIFICATION:** TOTALIZING FLUID METERS & COUNTING DEVICES [3824]
- **IRS NUMBER:** 390143280
- **STATE OF INCORPORATION:** WI
- **FISCAL YEAR END:** 1231

**BUSINESS ADDRESS:**
- **STREET 1:** 4545 WEST BROWN DEER ROAD
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53223
- **BUSINESS PHONE:** 4143715702

**MAIL ADDRESS:**
- **STREET 1:** 4545 W BROWN DEER RD
- **CITY:** MILWAUKEE
- **STATE:** WI
- **ZIP:** 53223

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** BADGER METER MANUFACTURING CO
- **DATE OF NAME CHANGE:** 19710729

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## FORM 4

### STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

[ ] Check this box to indicate that a transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c). See Instruction 10.

---

| | | |
|:---|:---|:---|
| **1. Name and Address of Reporting Person**<sup>*</sup><br>BERGUM WILLIAM R A<br><sub>(Last) (First) (Middle)</sub><br>4545 W. BROWN DEER ROAD<br><sub>(Street)</sub><br>MILWAUKEE, WI 53223<br><sub>(City) (State) (Zip)</sub> | **3. Date of Earliest Transaction (Month/Day/Year)**<br>2023-03-03 | **5. Relationship of Reporting Person(s) to Issuer**<br>(Check all applicable)<br>[ ] Director [ ] 10% Owner<br>[X] Officer (give title below) [ ] Other (specify below)<br>_VP-Gen. Counsel and Secretary_ |
| **2. Issuer Name and Ticker or Trading Symbol**<br>BADGER METER INC [ BMI ] | **4. If Amendment, Date of Original Filed (Month/Day/Year)**<br>  | **6. Individual or Joint/Group Filing (Check Applicable Line)**<br>[X] Form filed by One Reporting Person<br>[ ] Form filed by More than One Reporting Person |

---

## Table I - Non-Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | 3. Transaction Code (V) | 3. Transaction Code (V) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 4. Securities Acquired (A) or Disposed of (D) | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| 1. Title of Security | 2. Transaction Date | 2A. Deemed Execution Date | Code | V | Amount | (A) or (D) | Price | 5. Amount of Securities Beneficially Owned | 6. Ownership Form | 7. Nature of Indirect Beneficial Ownership |
| Common Stock | 2023-03-03 |  | A |  | 584 | A | <sup>(1)</sup> | 12445 | D |  |
| Common Stock |  |  |  |  |  |  |  | 11456.65 | I | ESSOP |

---

## Table II - Derivative Securities

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | 4. Transaction Code (V) | 4. Transaction Code (V) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) | 6. Date Exercisable and Expiration Date | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Underlying Securities | 7. Title and Amount of Underlying Securities | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| 1. Title of Derivative Security | 2. Conversion or Exercise Price | 3. Transaction Date | 3A. Deemed Execution Date | Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | 8. Price of Derivative Security | 9. Number of Derivative Securities Beneficially Owned | 10. Ownership Form | 11. Nature of Indirect Beneficial Ownership |
| Stock Options | $27.18 |  |  |  |  |  |  | 2015-03-07 | 2024-03-07 | BMI Common Stock | 2416 |  | 2416 | D |  |
| Stock Options | $28.33 |  |  |  |  |  |  | 2016-03-06 | 2025-03-06 | BMI Common Stock | 2416 |  | 2416 | D |  |
| Stock Options | $33.975 |  |  |  |  |  |  | 2017-03-04 | 2026-03-04 | BMI Common Stock | 2064 |  | 2064 | D |  |
| Stock Options | $36.45 |  |  |  |  |  |  | 2018-03-03 | 2027-03-03 | BMI Common Stock | 1981 |  | 1981 | D |  |
| Stock Options | $48.20 |  |  |  |  |  |  | 2019-03-02 | 2028-03-02 | BMI Common Stock | 1621 |  | 1621 | D |  |
| Stock Options | $59.85 |  |  |  |  |  |  | 2020-03-01 | 2029-03-01 | BMI Common Stock | 1648 |  | 1648 | D |  |
| Stock Options | $63.04 |  |  |  |  |  |  | 2021-03-06 | 2030-03-06 | BMI Common Stock | 2144 |  | 2144 | D |  |

---

### Footnotes:

(1) Restricted stock granted March 3, 2023 to reporting person under the 2021 Omnibus Incentive Plan.  The restricted stock vests ratably over three years from the date of grant.

**Signature:** /s/ William R.A. Bergum  
**Date:** 2023-03-06

### Remarks:

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

**Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.**