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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OMB Number: 3235-0287
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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 *

BERGUM WILLIAM R A
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-Gen. Counsel and Secretary
(Last)          (First)          (Middle)

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

3/6/2020
(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 3/6/2020  A(1)  588 A$0.00 11149 D  
Common Stock         13653.2764 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 $63.04 3/6/2020  A   2144    3/6/2021 (2)3/6/2030 BMI Common Stock 2144 $0.00 2144 D  
Stock Options $18.075           5/4/2013 5/4/2022 BMI Common Stock 1500  1500 D  
Stock Options $25.645           3/1/2014 3/1/2023 BMI Common Stock 2362  2362 D  
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) Restricted stock granted March 6, 2020 to reporting person under the 2011 Omnibus Incentive Plan. The restricted stock vests 100% on the third anniversary of the date of grant.
(2) Grant to reporting person of option to buy shares under the 2011 Omnibus Incentive Plan. This option vests and becomes exercisable in 20% increments on March 6, 2021, 2022, 2023, 2024 and 2025, respectively.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
BERGUM WILLIAM R A
4545 W. BROWN DEER ROAD
MILWAUKEE, WI 53223


VP-Gen. Counsel and Secretary

Signatures
/s/ William R.A. Bergum3/10/2020
**Signature of Reporting PersonDate

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