FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Begale Fred J
2. Issuer Name and Ticker or Trading Symbol

BADGER METER INC [ BMI ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
VP-Engineering
(Last)          (First)          (Middle)

4545 W BROWN DEER ROAD
3. Date of Earliest Transaction (MM/DD/YYYY)

3/4/2020
(Street)

MILWAUKEE, WI 53223
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 3/4/2020  F  265 D$62.029 (1)4298 D  
Common Stock         7543.8858 I ESSOP 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)11. Nature of Indirect Beneficial Ownership (Instr. 4)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Options $27.18           3/7/2015 3/7/2024 BMI Common Stock 2416  2416 D  
Stock Options $28.33           3/6/2016 3/6/2025 BMI Common Stock 2416  2416 D  
Stock Options $33.975           3/4/2017 3/4/2026 BMI Common Stock 2064  2064 D  
Stock Options $36.45           3/3/2018 3/3/2027 BMI Common Stock 1981  1981 D  
Stock Options $48.20           3/2/2019 3/2/2028 BMI Common Stock 1621  1621 D  
Stock Options $59.85           3/1/2020 3/1/2029 BMI Common Stock 1648  1648 D  

Explanation of Responses:
(1) The price in Column 4 is a weighted average price. Prices actually received ranged from $62.00 to $62.25. 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 for all transactions reported in this Form 4.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Begale Fred J
4545 W BROWN DEER ROAD
MILWAUKEE, WI 53223


VP-Engineering

Signatures
/s/ Fred J. Begale3/6/2020
**Signature of Reporting PersonDate

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