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<P ALIGN=RIGHT><FONT FACE="Times New Roman, Times, Serif" SIZE=2>File No. 333-_______ </FONT></P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>UNITED STATES <BR>SECURITIES AND EXCHANGE
COMMISSION<BR>Washington, D.C. 20549</B> </FONT> </P>

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     <P ALIGN=CENTER>_________________ </P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>FORM S-8 <BR>REGISTRATION
STATEMENT<BR>Under <BR>THE SECURITIES ACT OF 1933  </FONT></P>

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     <P ALIGN=CENTER>_________________ </P>


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     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="3"><U>BADGER METER, INC.</U> </FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=1>(Exact name of Registrant as specified in its charter)</FONT></TD></TR>
</TABLE>
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     <TD WIDTH=50% ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="1"><U>Wisconsin</U> </FONT></TD>
     <TD WIDTH=50% ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="1"><U>39-0143280</U> </FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=1>(State or other jurisdiction <BR>of incorporation or organization)</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=1>(I.R.S. Employer <BR>Identification Number)</FONT></TD></TR>
</TABLE>
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<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=80% ALIGN=CENTER>
<TR VALIGN=Bottom>
     <TD WIDTH=50% ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=1>4545 West Brown Deer Road</FONT></TD>
     <TD WIDTH=50% ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=1>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="1"><U>Milwaukee, Wisconsin</U> </FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE="1"><U>53223</U> </FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=1>(Address of principal executive offices)</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=1>(Zip Code)</FONT></TD></TR>
</TABLE>
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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2><U>Badger Meter, Inc.
2008 Restricted Stock Plan </U> <BR>(Full title of the plan)  </FONT></P>

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     <P ALIGN=CENTER>_________________ </P>

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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Richard A. Meeusen <BR>Chairman, President
and Chief Executive Officer <BR>Badger Meter, Inc. <BR>4545
West Brown Deer Road <BR>Milwaukee, Wisconsin 53223 <BR>(Name and address of agent for
service) <BR><U>(414) 355-0400</U> <BR>(Telephone number, including area <BR>code, of agent for service)</FONT></P>


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     <P ALIGN=CENTER>_________________ </P>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=1>Indicate by check mark whether the
registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or
a smaller reporting company. See the definitions of &#147;large accelerated filer,&#148;
&#147;accelerated filer&#148; and &#147;smaller reporting company&#148; in Rule 12b-2 of
the Exchange Act. (Check one): </FONT></P>


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     <TD WIDTH=72% ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=1>Large accelerated filer [_]</FONT></TD>
     <TD WIDTH=28% ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=1>Accelerated filer [x]</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=1>Non-accelerated filer [_] (Do not check if a smaller reporting company)</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=1>Smaller reporting company [_]</FONT></TD></TR>
</TABLE>





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     <TD COLSPAN=5><HR NOSHADE COLOR=#000000 SIZE=1></TD></TR>
<TR VALIGN=Bottom>
     <TH COLSPAN=5><FONT FACE="Times New Roman" SIZE=1>CALCULATION OF REGISTRATION FEE</FONT><HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TH></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=1>Title of <BR>Securities
to be <BR>Registered</FONT><HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=1>Amount <BR>to
be <BR>Registered</FONT><HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=1>Proposed
Maximum<BR>
Offering Price<BR>
Per Share(1)</FONT><HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=1>Proposed
Maximum<BR>
Aggregate
Offering <BR>Price(1)</FONT><HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=1>Amount of<BR>
Registration Fee</FONT><HR WIDTH=100% SIZE=1 COLOR=BLACK NOSHADE></TD></TR>
<TR VALIGN=Bottom>
     <TD WIDTH=22% ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=1>Common Stock, </FONT></TD>
     <TD WIDTH=18% ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=1>&nbsp;</FONT></TD>
     <TD WIDTH=20% ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=1>&nbsp;</FONT></TD>
     <TD WIDTH=20% ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=1>&nbsp;</FONT></TD>
     <TD WIDTH=20% ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=1>&nbsp;</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=1>$1.00 par value </FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=1>100,000 shares </FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=1>$50.29</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=1>$5,029,000</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=1>$198</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=1></FONT></TD></TR>
<TR>
     <TD COLSPAN=5><HR NOSHADE COLOR=#000000 SIZE=1></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=1>Common Share </FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=1>100,000 rights</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=1>(2)</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=1>(2)</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=1>(2)</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=1>Purchase Rights</FONT></TD></TR>
<TR>
     <TD COLSPAN=5><HR NOSHADE COLOR=#000000 SIZE=1></TD></TR>
</TABLE>

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          <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(1)</FONT></TD>
          <TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          Estimated pursuant to Rule 457(c) and (h) under the Securities Act of 1933
          solely for the purpose of calculating the registration fee, based on the average
          of the high and low prices of the Common Stock on the American Stock Exchange on
          April 25, 2008. </FONT></TD>
          </TR>
          </TABLE>
          <BR>

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          <TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(2)</FONT></TD>
          <TD WIDTH=95%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>
          The value attributable to the Common Share Purchase Rights is reflected in the
          market price of the Common Stock to which the rights are attached. </FONT></TD>
          </TR>
          </TABLE>
          <BR>





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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>PART I </FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>INFORMATION REQUIRED
IN THE SECTION 10(a) PROSPECTUS </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
document or documents containing the information specified in Part I are not required to
be filed with the Securities and Exchange Commission (the &#147;Commission&#148;) as part
of this Form S-8 registration statement. </FONT></P>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>PART II </FONT></H1>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>INFORMATION REQUIRED
IN THE REGISTRATION STATEMENT </FONT></H1>

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<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Item 3.</B> </FONT> </TD>
<TD WIDTH=90%>
<FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U><B>Incorporation of Documents by Reference</B></U><B>.</B> </FONT> </TD>
</TR>
</TABLE>
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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following documents filed with the Commission by Badger Meter, Inc. (the
&#147;Company&#148;) are incorporated herein by reference (File No. 1-6706): </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The Company&#146;s Annual Report on Form 10-K for the year ended December 31,
          2007, which includes audited financial statements as of and for the year ended
          December 31, 2007. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The Company&#146;s Quarterly Report on Form 10-Q for the quarter ended March 31,
          2008. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          All other reports filed by the Company pursuant to Section 13(a) or 15(d) of the
          Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;),
          since December 31, 2007, including (a) the Company&#146;s Current Report on Form
          8-K dated February 15, 2008; (b) the Company&#146;s Current Report on Form 8-K
          dated April 7, 2008; and (c) the Company&#146;s Current Report on Form 8-K dated
          April 25, 2008. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The description of the Company&#146;s Common Stock, par value $1.00 per share,
          included in Registration Statement No. 0-2596 on Form 8-A, dated July 26, 1971,
          as amended by the Company&#146;s Form 8, dated January 8, 1987, and any
          amendments or reports filed for the purpose of updating such description. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The description of the Company&#146;s Common Share Purchase Rights included in
          the Company&#146;s Registration Statement on Form 8-A, dated May 26, 1998, and
          any amendments or reports filed for the purpose of updating such description;
          and the description of the Company&#146;s Common Share Purchase Rights included
          in the Company&#146;s Current Report on Form 8-K, dated February 15, 2008, and
          any other reports filed for the purpose of updating such description. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All
documents subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14 and
15(d) of the Exchange Act after the date of filing of this registration statement and
prior to such time as the Company files a post-effective amendment to the registration
statement which indicates that all securities offered hereby have been sold or which
deregisters all securities then remaining unsold shall be deemed to be incorporated by
reference in this registration statement and to be a part hereof from the date of filing
of such documents. </FONT></P>

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<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Item 4.</B> </FONT> </TD>
<TD WIDTH=90%>
<FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U><B>Description of Securities</B></U><B>.</B> </FONT> </TD>
</TR>
</TABLE>
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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
applicable. </FONT></P>


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<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Item 5.</B> </FONT> </TD>
<TD WIDTH=90%>
<FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U><B>Interests of Named Experts and Counsel</B></U><B>.</B> </FONT> </TD>
</TR>
</TABLE>
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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company&#146;s counsel, Foley &amp; Lardner LLP, 777 East Wisconsin Avenue, Milwaukee, WI
53202, has rendered an opinion as to the legality of the shares of the Company&#146;s
Common Stock to be issued pursuant to the Badger Meter, Inc. 2008 Restricted Stock Plan. </FONT></P>


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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>1 </FONT></P>





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<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Item 6.</B> </FONT> </TD>
<TD WIDTH=90%>
<FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U><B>Indemnification of Directors and Officers</B></U><B>.</B> </FONT> </TD>
</TR>
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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the Wisconsin Business Corporation Law and the Company&#146;s Restated By-laws, as
amended, directors and officers of the Company are entitled to mandatory indemnification
from the Company against certain liabilities and expenses (i) to the extent such officers
or directors are successful in the defense of a proceeding and (ii) in proceedings in
which the director or officer is not successful in defense thereof, unless (in the latter
case only) it is determined that the director or officer breached or failed to perform his
or her duties to the Company and such breach or failure constituted: (a) a willful failure
to deal fairly with the Company or its shareholders in connection with a matter in which
the director or officer had a material conflict of interest; (b) a violation of the
criminal law unless the director or officer has reasonable cause to believe his or her
conduct was lawful or had no reasonable cause to believe his or her conduct was unlawful;
(c) a transaction from which the director or officer derived an improper personal profit;
or (d) willful misconduct. It should be noted that the Wisconsin Business Corporation Law
specifically states that it is the public policy of Wisconsin to require or permit
indemnification in connection with a proceeding involving securities regulation, as
described therein, to the extent required or permitted as described above. Additionally,
under the Wisconsin Business Corporation Law, directors of the Company are not subject to
personal liability to the Company, its shareholders or any person asserting rights on
behalf thereof for certain breaches or failures to perform any duty resulting solely from
their status as directors except in circumstances paralleling those in subparagraphs (a)
through (d) outlined above. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
indemnification provided by the Wisconsin Business Corporation Law and the Company&#146;s
Restated By-laws is not exclusive of any other rights to which a director or officer may
be entitled. The general effect of the indemnification available to an officer or director
may be to reduce the circumstances under which the officer or director is required to bear
the economic burden of liabilities and expenses related to actions taken by the individual
in his or her capacity as an officer or director. Expenses for the defense of any action
for which indemnification may be available may be advanced by the Company under certain
circumstances. </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Company maintains a liability insurance policy for its directors and officers as permitted
by Wisconsin law which may extend to, among other things, liability arising under the
Securities Act of 1933, as amended. </FONT></P>

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<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Item 7.</B> </FONT> </TD>
<TD WIDTH=90%>
<FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U><B>Exemption from Registration Claimed</B></U><B>.</B> </FONT> </TD>
</TR>
</TABLE>
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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Not
Applicable. </FONT></P>


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<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Item 8.</B> </FONT> </TD>
<TD WIDTH=90%>
<FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U><B>Exhibits</B></U><B>.</B> </FONT> </TD>
</TR>
</TABLE>
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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
following exhibits have been filed (except where otherwise indicated) as part of this
registration statement: </FONT></P>


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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>              (4.1) </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Badger
Meter, Inc. 2008 Restricted Stock Plan.</FONT></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>              (4.2) </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Form
of Restricted  Stock Agreement used in connection  with the Badger Meter,  Inc.
                      2008 Restricted Stock Plan.</FONT></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>              (4.3) </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Rights
 Agreement,  dated as of May 26,  1998,  between the  Company and U.S.  Bank,
                      National  Association  (f/k/a/  Firstar  Bank,  N.A.,  successor
 to  Firstar  Trust                       Company).  [Incorporated  by reference to
Exhibit 4.1 to the Company's  Registration                       Statement on Form 8-A
(File No. 1-6706), dated as of May 26, 1998.]</FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>              (4.4) </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Agreement
of  Substitution  and Amendment of Common Shares Rights  Agreement,  dated
                      August 16, 2002,  between the Company and American  Stock  Transfer
&amp; Trust Company.                       [Incorporated  by reference to Exhibit 4.2 to the
Company's  Registration  Statement                       on Form S-3 (File No.
333-102057), filed on December 20, 2002.]</FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>              (4.5) </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Rights
 Agreement,  dated as of February 15, 2008,  between the Company and American
                      Stock  Transfer &amp; Trust  Company.  [Incorporated  by reference to
Exhibit 4.1 to the                       Company's  Current  Report on Form 8-K (File No.
 1-6706),  dated as of February 15,                       2008.]</FONT></TD>
</TR>
</TABLE>
<BR>


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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>2 </FONT></P>





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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>              (5) </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Opinion
of Foley &amp; Lardner LLP.</FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>              (23.1) </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Consent
of Ernst &amp; Young LLP.</FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>              (23.2) </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Consent
of Foley &amp; Lardner LLP (contained in Exhibit (5) hereto).</FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=5%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>              (24) </FONT></TD>
<TD WIDTH=90%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Power
of Attorney  relating to  subsequent  amendments  (included  on the  signature
                      pages of this registration statement). </FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><B>Item 9.</B> </FONT> </TD>
<TD WIDTH=90%>
<FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U><B>Undertakings</B></U><B>.</B> </FONT> </TD>
</TR>
</TABLE>
<BR>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(a)&nbsp;&nbsp;&nbsp;&nbsp;
          The undersigned registrant hereby undertakes: </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          to file, during any period in which offers or sales are being made, a
          post-effective amendment to this registration statement: </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          to
include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;  </FONT></P>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;               to
reflect in the prospectus any facts or events arising after the effective
               date of the registration statement (or the most recent post-effective
amendment                thereof) which, individually or in the aggregate, represent a
fundamental change                in the information set forth in the registration
statement. Notwithstanding the                foregoing, any increase or decrease in
volume of securities offered (if the                total dollar value of securities
offered would not exceed that which was                registered) and any deviation from
the low or high end of the estimated maximum                offering range may be
reflected in the form of prospectus filed with the                Commission pursuant to
Rule 424(b) if, in the aggregate, the changes in volume                and price
represent no more than a 20% change in the maximum aggregate offering
               price set forth in the &#147;Calculation of Registration Fee&#148; table
in the                effective registration statement.  </FONT></P>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;               to
include any material information with respect to the plan of distribution not
               previously disclosed in the registration statement or any material change
to                such information in the registration statement.  </FONT></P>


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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2><I>provided, however,</I> that
paragraphs (a)(1)(i) and (a)(1)(ii) of this section do not apply if the registration
statement is on Form S-8, and the information required to be included in a post-effective
amendment by those paragraphs is contained in periodic reports filed with or furnished to
the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Securities
Exchange Act of 1934 that are incorporated by reference in the registration statement. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          that, for the purpose of determining any liability under the Securities Act of
          1933, each such post-effective amendment shall be deemed to be a new
          registration statement relating to the securities offered therein, and the
          offering of such securities at the time shall be deemed to be the initial bona
          fide offering thereof. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          to remove from registration by means of a post-effective amendment any of the
          securities being registered which remain unsold at the termination of the
          offering. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(4)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          that, for the purpose of determining liability under the Securities Act of 1933
          to any purchaser: </FONT></P>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;          Each
prospectus filed by a Registrant pursuant to Rule 424(b)(3) shall be deemed           to
be part of the registration statement as of the date the filed prospectus was
          deemed part of and included in the registration statement; and  </FONT></P>


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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>3 </FONT></P>





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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5) or
          (b)(7) as part of a registration statement in reliance on Rule 430B relating to
          an offering made pursuant to Rule 415(a)(1)(i), (vii) or (x) for the purpose of
          providing the information required by Section 10(a) of the Securities Act of
          1933 shall be deemed to be part of and included in the registration statement as
          of the earlier of the date such form of prospectus is first used after
          effectiveness or the date of the first contract of sale of securities in the
          offering described in the prospectus. As provided in Rule 430B, for liability
          purposes of the issuer and any person that is at that date an underwriter, such
          date shall be deemed to be a new effective date of the registration statement
          relating to the securities in the registration statement to which the prospectus
          relates, and the offering of such securities at that time shall be deemed to be
          the initial bona fide offering thereof. Provided, however, that no statement
          made in a registration statement or prospectus that is part of the registration
          statement or made in a document incorporated or deemed incorporated by reference
          into the registration statement or prospectus that is part of the registration
          statement will, as to a purchaser with a time of contract of sale prior to such
          effective date, supersede or modify any statement that was made in the
          registration statement or prospectus that was part of the registration statement
          or made in any such document immediately prior to such effective date. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(5)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          That, for the purpose of determining liability of the Registrant under the
          Securities Act of 1933 to any purchaser in the initial distribution of the
          securities, the undersigned Registrant undertakes that in a primary offering of
          securities of the undersigned Registrant pursuant to this registration
          statement, regardless of the underwriting method used to sell the securities to
          the purchaser, if the securities are offered or sold to such purchaser by means
          of any of the following communications, the undersigned Registrant will be a
          seller to the purchaser and will be considered to offer or sell such securities
          to such purchaser: </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Any preliminary prospectus or prospectus of the undersigned Registrant relating
          to the offering required to be filed pursuant to Rule 424; </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Any free writing prospectus relating to the offering prepared by or on behalf of
          the undersigned Registrant or used or referred to by the undersigned Registrant; </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          The portion of any other free writing prospectus relating to the offering
          containing material information about the undersigned Registrant or its
          securities provided by or on behalf of the undersigned Registrant; and </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
          Any other communication that is an offer in the offering made by the undersigned
          Registrant to the purchaser. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(b)&nbsp;&nbsp;&nbsp;&nbsp;
          The undersigned Registrant hereby undertakes, that, for purposes of determining
          any liability under the Securities Act of 1933, each filing of the
          Registrant&#146;s annual report pursuant to Section 13(a) or Section 15(d) of
          the Securities Exchange Act of 1934 that is incorporated by reference in this
          registration statement shall be deemed to be a new registration statement
          relating to the securities offered herein, and the offering of such securities
          at that time shall be deemed to be the initial bona fide offering thereof. </FONT></P>

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     <P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(c)&nbsp;&nbsp;&nbsp;&nbsp;
          Insofar as indemnification for liabilities arising under the Securities Act of
          1933 may be permitted to directors, officers and controlling persons of the
          Registrant pursuant to the foregoing provisions, or otherwise, the Registrant
          has been advised that in the opinion of the Securities and Exchange Commission
          such indemnification is against public policy as expressed in the Act and is,
          therefore, unenforceable. In the event that a claim for indemnification against
          such liabilities (other than the payment by the Registrant of expenses incurred
          or paid by a director, officer or controlling person of the Registrant in the
          successful defense of any action, suit or proceeding) is asserted by such
          director, officer or controlling person in connection with the securities being
          registered, the Registrant will, unless in the opinion of its counsel the matter
          has been settled by controlling precedent, submit to a court of appropriate
          jurisdiction the question whether such indemnification by it is against public
          policy as expressed in the Act and will be governed by the final adjudication of
          such issue. </FONT></P>


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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>4 </FONT></P>

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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>SIGNATURES </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Act of 1933, the registrant certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing on Form S-8
and has duly caused this registration statement to be signed on its behalf by the
undersigned, thereunto duly authorized in the City of Milwaukee, State of Wisconsin, on
this 30<SUP>th</SUP> day of April, 2008. </FONT></P>


<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR VALIGN=Bottom>
     <TD WIDTH=50% ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2></FONT></TD>
     <TD WIDTH=50% ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2"><B>BADGER METER, INC.</B> </FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2"><BR><BR>BY: <U>/s/ Richard A. Meeusen</U> </FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Richard A. Meeusen</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Chairman, President and Chief Executive Officer</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</FONT></TD></TR>
</TABLE>


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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>POWER OF ATTORNEY </FONT></H1>

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<P><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant
to the requirements of the Securities Act of 1933, this registration statement has been
signed by the following persons in the capacities and on the date indicated. Each person
whose signature appears below constitutes and appoints Richard A. Meeusen and Richard E.
Johnson, and each of them individually, his true and lawful attorneys-in-fact and agents,
with full power of substitution and resubstitution, for him and in his name, place and
stead, in any and all capacities, to sign any and all amendments (including post-effective
amendments) to this registration statement and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the Securities and Exchange
Commission, granting unto said attorneys-in-fact and agents, and each of them, full power
and authority to do and perform each and every act and thing requisite and necessary to be
done in connection therewith, as fully to all intents and purposes as he might or could do
in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or
either of them, or their or his or her substitute or substitutes may lawfully do or cause
to be done by virtue hereof. </FONT></P>



<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=1>Signature</FONT><HR WIDTH=95% SIZE=1 COLOR=BLACK NOSHADE></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=1>Title</FONT><HR WIDTH=95% SIZE=1 COLOR=BLACK NOSHADE></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=1>Date</FONT><HR WIDTH=95% SIZE=1 COLOR=BLACK NOSHADE></TD></TR>
<TR VALIGN=Bottom>
     <TD WIDTH=36% ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2"><BR><U>/s/ Richard A. Meeusen</U> </FONT></TD>
     <TD WIDTH=45% ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Chairman, President and</FONT></TD>
     <TD WIDTH=19% ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=2>April 30, 2008</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Richard A. Meeusen</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Chief Executive Officer</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>and Director (Principal</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Executive Officer)</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2"><BR>______________ </FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Director</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=2>April 30, 2008</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Ronald H. Dix</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2"><BR><U>/s/ Thomas J. Fischer</U> </FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Director</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=2>April 30, 2008</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Thomas J. Fischer</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2"><BR><U>/s/ Kenneth P. Manning</U> </FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Director</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=2>April 30, 2008</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Kenneth P. Manning</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2"><BR><U>/s/ Ulice Payne, Jr.</U> </FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Director</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=2>April 30, 2008</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Ulice Payne, Jr.</FONT></TD></TR>
</TABLE>


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<P ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>S-1 </FONT></P>





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<TABLE CELLPADDING=0 CELLSPACING=0 BORDER=0 WIDTH=100%>
<TR VALIGN=Bottom>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=1>Signature</FONT><HR WIDTH=95% SIZE=1 COLOR=BLACK NOSHADE></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=1>Title</FONT><HR WIDTH=95% SIZE=1 COLOR=BLACK NOSHADE></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=1>Date</FONT><HR WIDTH=95% SIZE=1 COLOR=BLACK NOSHADE></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2"><BR><U>/s/ Andrew J. Policano</U> </FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Director</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=2>April 30, 2008</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Andrew J. Policano</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2"><BR><U>/s/ Steven J. Smith</U> </FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Director</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=2>April 30, 2008</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Steven J. Smith</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2"><BR><U>/s/ John J. Stollenwerk</U> </FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Director</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=2>April 30, 2008</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>John J. Stollenwerk</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2"><BR><U>/s/ Richard E. Johnson</U> </FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Senior Vice President-</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=2>April 30, 2008</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Richard E. Johnson</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Finance, Chief</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Financial Officer</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>and Treasurer (Principal</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Financial Officer)</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE="2"><BR><U>/s/ Beverly L.P. Smiley</U> </FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Vice President-</FONT></TD>
     <TD ALIGN=CENTER><FONT FACE="Times New Roman" SIZE=2>April 30, 2008</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Beverly L.P. Smiley</FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>Corporate Controller</FONT></TD></TR>
<TR VALIGN=Bottom>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2></FONT></TD>
     <TD ALIGN=LEFT><FONT FACE="Times New Roman" SIZE=2>(Principal Accounting Officer)</FONT></TD></TR>
</TABLE>
<BR><BR><BR><BR><BR><BR><BR><BR><BR><BR>






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<H1 ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>EXHIBIT INDEX </FONT></H1>

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<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=20% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U><B>Exhibit No.</B></U> </FONT> </TD>
<TD WIDTH=70%>
<FONT FACE="Times New Roman, Times, Serif" SIZE="2"><U><B>Exhibit</B></U> </FONT> </TD>
</TR>
</TABLE>
<BR>


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<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=20% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(4.1) </FONT></TD>
<TD WIDTH=70%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Badger
Meter, Inc. 2008 Restricted Stock Plan.</FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=20% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(4.2) </FONT></TD>
<TD WIDTH=70%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Form
of Restricted Stock Agreement used in connection with the Badger Meter, Inc.
                 2008 Restricted Stock Plan.</FONT></TD>
</TR>
</TABLE>
<BR>

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<TABLE WIDTH=100% CELLPADDING=0 CELLSPACING=0 BORDER=0>
<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=20% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(4.3) </FONT></TD>
<TD WIDTH=70%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Rights
Agreement, dated as of May 26, 1998, between the Company and U.S. Bank,
                 National Association (f/k/a/ Firstar Bank, N.A., successor to Firstar
Trust                  Company). [Incorporated by reference to Exhibit 4.1 to the
Company's Registration                  Statement on Form 8-A (File No. 1-6706), dated as
of May 26, 1998.]</FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=20% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(4.4) </FONT></TD>
<TD WIDTH=70%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Agreement
of Substitution  and Amendment of Common Shares Rights  Agreement,  dated
                 August 16, 2002,  between the Company and American  Stock  Transfer &amp; Trust
Company.                  [Incorporated  by reference to Exhibit 4.2 to the Company's
 Registration  Statement                  on Form S-3 (File No. 333-102057), filed on
December 20, 2002.]</FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=20% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(4.5) </FONT></TD>
<TD WIDTH=70%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Rights
 Agreement,  dated as of February 15, 2008,  between the Company and American
                 Stock  Transfer &amp; Trust  Company.  [Incorporated  by reference to
Exhibit 4.1 to the                  Company's  Current  Report on Form 8-K (File No.
 1-6706),  dated as of February 15,                  2008.]</FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=20% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(5) </FONT></TD>
<TD WIDTH=70%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Opinion
of Foley &amp; Lardner LLP.</FONT></TD>
</TR>
</TABLE>
<BR>

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<TR VALIGN=TOP>
<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=20% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(23.1) </FONT></TD>
<TD WIDTH=70%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Consent
of Ernst &amp; Young LLP.</FONT></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=20% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(23.2) </FONT></TD>
<TD WIDTH=70%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Consent
of Foley &amp; Lardner LLP (contained in Exhibit (5) hereto).</FONT></TD>
</TR>
</TABLE>
<BR>

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<TD WIDTH=10%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>&nbsp;</FONT></TD>
<TD WIDTH=20% ALIGN=CENTER><FONT FACE="Times New Roman, Times, Serif" SIZE=2>(24) </FONT></TD>
<TD WIDTH=70%><FONT FACE="Times New Roman, Times, Serif" SIZE=2>Power
of Attorney  relating to  subsequent  amendments  (included  on the  signature
                 pages of this registration statement).</FONT></TD>
</TR>
</TABLE>
<BR>



</BODY>
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[{"type": "S-8", "sequence": "1", "filename": "dkm1481.htm", "description": "REGISTRATION STATEMENT", "secsgml_size_bytes": 56885}]
{"company-data": {"conformed-name": "BADGER METER INC", "cik": "0000009092", "assigned-sic": "3824", "irs-number": "390143280", "state-of-incorporation": "WI", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-150567", "film-number": "08793456"}, "business-address": {"street1": "4545 WEST BROWN DEER ROAD", "city": "MILWAUKEE", "state": "WI", "zip": "53223", "phone": "4143715702"}, "mail-address": {"street1": "4545 W BROWN DEER RD", "city": "MILWAUKEE", "state": "WI", "zip": "53223"}, "former-company": {"former-conformed-name": "BADGER METER MANUFACTURING CO", "date-changed": "19710729"}}
File No. 333-_______
UNITED STATES
SECURITIES AND EXCHANGE
COMMISSION
Washington, D.C. 20549
_________________
FORM S-8
REGISTRATION
STATEMENT
Under
THE SECURITIES ACT OF 1933
_________________
BADGER METER, INC.
(Exact name of Registrant as specified in its charter)
Wisconsin
39-0143280
(State or other jurisdiction
of incorporation or organization)
(I.R.S. Employer
Identification Number)
4545 West Brown Deer Road
Milwaukee, Wisconsin
53223
(Address of principal executive offices)
(Zip Code)
Badger Meter, Inc.
2008 Restricted Stock Plan
(Full title of the plan)
_________________
Richard A. Meeusen
Chairman, President
and Chief Executive Officer
Badger Meter, Inc.
4545
West Brown Deer Road
Milwaukee, Wisconsin 53223
(Name and address of agent for
service)
(414) 355-0400
(Telephone number, including area
code, of agent for service)
_________________
Indicate by check mark whether the
registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or
a smaller reporting company. See the definitions of "large accelerated filer,"
"accelerated filer" and "smaller reporting company" in Rule 12b-2 of
the Exchange Act. (Check one):
Large accelerated filer [_]
Accelerated filer [x]
Non-accelerated filer [_] (Do not check if a smaller reporting company)
Smaller reporting company [_]
CALCULATION OF REGISTRATION FEE
Title of
Securities
to be
Registered
Amount
to
be
Registered
Proposed
Maximum
Offering Price
Per Share(1)
Proposed
Maximum
Aggregate
Offering
Price(1)
Amount of
Registration Fee
Common Stock,
$1.00 par value
100,000 shares
$50.29
$5,029,000
$198
Common Share
100,000 rights
(2)
(2)
(2)
Purchase Rights
(1)
Estimated pursuant to Rule 457(c) and (h) under the Securities Act of 1933
          solely for the purpose of calculating the registration fee, based on the average
          of the high and low prices of the Common Stock on the American Stock Exchange on
          April 25, 2008.
(2)
The value attributable to the Common Share Purchase Rights is reflected in the
          market price of the Common Stock to which the rights are attached.
PART I
INFORMATION REQUIRED
IN THE SECTION 10(a) PROSPECTUS
The
document or documents containing the information specified in Part I are not required to
be filed with the Securities and Exchange Commission (the "Commission") as part
of this Form S-8 registration statement.
PART II
INFORMATION REQUIRED
IN THE REGISTRATION STATEMENT
Item 3.
Incorporation of Documents by Reference
.
The
following documents filed with the Commission by Badger Meter, Inc. (the
"Company") are incorporated herein by reference (File No. 1-6706):
(a)     
          The Company's Annual Report on Form 10-K for the year ended December 31,
          2007, which includes audited financial statements as of and for the year ended
          December 31, 2007.
(b)     
          The Company's Quarterly Report on Form 10-Q for the quarter ended March 31,
          2008.
(c)     
          All other reports filed by the Company pursuant to Section 13(a) or 15(d) of the
          Securities Exchange Act of 1934, as amended (the "Exchange Act"),
          since December 31, 2007, including (a) the Company's Current Report on Form
          8-K dated February 15, 2008; (b) the Company's Current Report on Form 8-K
          dated April 7, 2008; and (c) the Company's Current Report on Form 8-K dated
          April 25, 2008.
(d)     
          The description of the Company's Common Stock, par value $1.00 per share,
          included in Registration Statement No. 0-2596 on Form 8-A, dated July 26, 1971,
          as amended by the Company's Form 8, dated January 8, 1987, and any
          amendments or reports filed for the purpose of updating such description.
(e)     
          The description of the Company's Common Share Purchase Rights included in
          the Company's Registration Statement on Form 8-A, dated May 26, 1998, and
          any amendments or reports filed for the purpose of updating such description;
          and the description of the Company's Common Share Purchase Rights included
          in the Company's Current Report on Form 8-K, dated February 15, 2008, and
          any other reports filed for the purpose of updating such description.
All
documents subsequently filed by the Company pursuant to Sections 13(a), 13(c), 14 and
15(d) of the Exchange Act after the date of filing of this registration statement and
prior to such time as the Company files a post-effective amendment to the registration
statement which indicates that all securities offered hereby have been sold or which
deregisters all securities then remaining unsold shall be deemed to be incorporated by
reference in this registration statement and to be a part hereof from the date of filing
of such documents.
Item 4.
Description of Securities
.
Not
applicable.
Item 5.
Interests of Named Experts and Counsel
.
The
Company's counsel, Foley & Lardner LLP, 777 East Wisconsin Avenue, Milwaukee, WI
53202, has rendered an opinion as to the legality of the shares of the Company's
Common Stock to be issued pursuant to the Badger Meter, Inc. 2008 Restricted Stock Plan.
1
Item 6.
Indemnification of Directors and Officers
.
Pursuant
to the Wisconsin Business Corporation Law and the Company's Restated By-laws, as
amended, directors and officers of the Company are entitled to mandatory indemnification
from the Company against certain liabilities and expenses (i) to the extent such officers
or directors are successful in the defense of a proceeding and (ii) in proceedings in
which the director or officer is not successful in defense thereof, unless (in the latter
case only) it is determined that the director or officer breached or failed to perform his
or her duties to the Company and such breach or failure constituted: (a) a willful failure
to deal fairly with the Company or its shareholders in connection with a matter in which
the director or officer had a material conflict of interest; (b) a violation of the
criminal law unless the director or officer has reasonable cause to believe his or her
conduct was lawful or had no reasonable cause to believe his or her conduct was unlawful;
(c) a transaction from which the director or officer derived an improper personal profit;
or (d) willful misconduct. It should be noted that the Wisconsin Business Corporation Law
specifically states that it is the public policy of Wisconsin to require or permit
indemnification in connection with a proceeding involving securities regulation, as
described therein, to the extent required or permitted as described above. Additionally,
under the Wisconsin Business Corporation Law, directors of the Company are not subject to
personal liability to the Company, its shareholders or any person asserting rights on
behalf thereof for certain breaches or failures to perform any duty resulting solely from
their status as directors except in circumstances paralleling those in subparagraphs (a)
through (d) outlined above.
The
indemnification provided by the Wisconsin Business Corporation Law and the Company's
Restated By-laws is not exclusive of any other rights to which a director or officer may
be entitled. The general effect of the indemnification available to an officer or director
may be to reduce the circumstances under which the officer or director is required to bear
the economic burden of liabilities and expenses related to actions taken by the individual
in his or her capacity as an officer or director. Expenses for the defense of any action
for which indemnification may be available may be advanced by the Company under certain
circumstances.
The
Company maintains a liability insurance policy for its directors and officers as permitted
by Wisconsin law which may extend to, among other things, liability arising under the
Securities Act of 1933, as amended.
Item 7.
Exemption from Registration Claimed
.
Not
Applicable.
Item 8.
Exhibits
.
The
following exhibits have been filed (except where otherwise indicated) as part of this
registration statement:
(4.1)
Badger
Meter, Inc. 2008 Restricted Stock Plan.
(4.2)
Form
of Restricted  Stock Agreement used in connection  with the Badger Meter,  Inc.
                      2008 Restricted Stock Plan.
(4.3)
Rights
 Agreement,  dated as of May 26,  1998,  between the  Company and U.S.  Bank,
                      National  Association  (f/k/a/  Firstar  Bank,  N.A.,  successor
 to  Firstar  Trust                       Company).  [Incorporated  by reference to
Exhibit 4.1 to the Company's  Registration                       Statement on Form 8-A
(File No. 1-6706), dated as of May 26, 1998.]
(4.4)
Agreement
of  Substitution  and Amendment of Common Shares Rights  Agreement,  dated
                      August 16, 2002,  between the Company and American  Stock  Transfer
& Trust Company.                       [Incorporated  by reference to Exhibit 4.2 to the
Company's  Registration  Statement                       on Form S-3 (File No.
333-102057), filed on December 20, 2002.]
(4.5)
Rights
 Agreement,  dated as of February 15, 2008,  between the Company and American
                      Stock  Transfer & Trust  Company.  [Incorporated  by reference to
Exhibit 4.1 to the                       Company's  Current  Report on Form 8-K (File No.
 1-6706),  dated as of February 15,                       2008.]
2
(5)
Opinion
of Foley & Lardner LLP.
(23.1)
Consent
of Ernst & Young LLP.
(23.2)
Consent
of Foley & Lardner LLP (contained in Exhibit (5) hereto).
(24)
Power
of Attorney  relating to  subsequent  amendments  (included  on the  signature
                      pages of this registration statement).
Item 9.
Undertakings
.
(a)    
          The undersigned registrant hereby undertakes:
(1)     
          to file, during any period in which offers or sales are being made, a
          post-effective amendment to this registration statement:
(i)               to
include any prospectus required by Section 10(a)(3) of the Securities Act of 1933;
(ii)                    to
reflect in the prospectus any facts or events arising after the effective
               date of the registration statement (or the most recent post-effective
amendment                thereof) which, individually or in the aggregate, represent a
fundamental change                in the information set forth in the registration
statement. Notwithstanding the                foregoing, any increase or decrease in
volume of securities offered (if the                total dollar value of securities
offered would not exceed that which was                registered) and any deviation from
the low or high end of the estimated maximum                offering range may be
reflected in the form of prospectus filed with the                Commission pursuant to
Rule 424(b) if, in the aggregate, the changes in volume                and price
represent no more than a 20% change in the maximum aggregate offering
               price set forth in the "Calculation of Registration Fee" table
in the                effective registration statement.
(iii)                    to
include any material information with respect to the plan of distribution not
               previously disclosed in the registration statement or any material change
to                such information in the registration statement.
provided, however,
that
paragraphs (a)(1)(i) and (a)(1)(ii) of this section do not apply if the registration
statement is on Form S-8, and the information required to be included in a post-effective
amendment by those paragraphs is contained in periodic reports filed with or furnished to
the Commission by the Registrant pursuant to Section 13 or Section 15(d) of the Securities
Exchange Act of 1934 that are incorporated by reference in the registration statement.
(2)     
          that, for the purpose of determining any liability under the Securities Act of
          1933, each such post-effective amendment shall be deemed to be a new
          registration statement relating to the securities offered therein, and the
          offering of such securities at the time shall be deemed to be the initial bona
          fide offering thereof.
(3)     
          to remove from registration by means of a post-effective amendment any of the
          securities being registered which remain unsold at the termination of the
          offering.
(4)     
          that, for the purpose of determining liability under the Securities Act of 1933
          to any purchaser:
(i)                 Each
prospectus filed by a Registrant pursuant to Rule 424(b)(3) shall be deemed           to
be part of the registration statement as of the date the filed prospectus was
          deemed part of and included in the registration statement; and
3
(ii)     
          Each prospectus required to be filed pursuant to Rule 424(b)(2), (b)(5) or
          (b)(7) as part of a registration statement in reliance on Rule 430B relating to
          an offering made pursuant to Rule 415(a)(1)(i), (vii) or (x) for the purpose of
          providing the information required by Section 10(a) of the Securities Act of
          1933 shall be deemed to be part of and included in the registration statement as
          of the earlier of the date such form of prospectus is first used after
          effectiveness or the date of the first contract of sale of securities in the
          offering described in the prospectus. As provided in Rule 430B, for liability
          purposes of the issuer and any person that is at that date an underwriter, such
          date shall be deemed to be a new effective date of the registration statement
          relating to the securities in the registration statement to which the prospectus
          relates, and the offering of such securities at that time shall be deemed to be
          the initial bona fide offering thereof. Provided, however, that no statement
          made in a registration statement or prospectus that is part of the registration
          statement or made in a document incorporated or deemed incorporated by reference
          into the registration statement or prospectus that is part of the registration
          statement will, as to a purchaser with a time of contract of sale prior to such
          effective date, supersede or modify any statement that was made in the
          registration statement or prospectus that was part of the registration statement
          or made in any such document immediately prior to such effective date.
(5)     
          That, for the purpose of determining liability of the Registrant under the
          Securities Act of 1933 to any purchaser in the initial distribution of the
          securities, the undersigned Registrant undertakes that in a primary offering of
          securities of the undersigned Registrant pursuant to this registration
          statement, regardless of the underwriting method used to sell the securities to
          the purchaser, if the securities are offered or sold to such purchaser by means
          of any of the following communications, the undersigned Registrant will be a
          seller to the purchaser and will be considered to offer or sell such securities
          to such purchaser:
(i)     
          Any preliminary prospectus or prospectus of the undersigned Registrant relating
          to the offering required to be filed pursuant to Rule 424;
(ii)     
          Any free writing prospectus relating to the offering prepared by or on behalf of
          the undersigned Registrant or used or referred to by the undersigned Registrant;
(iii)     
          The portion of any other free writing prospectus relating to the offering
          containing material information about the undersigned Registrant or its
          securities provided by or on behalf of the undersigned Registrant; and
(iv)     
          Any other communication that is an offer in the offering made by the undersigned
          Registrant to the purchaser.
(b)    
          The undersigned Registrant hereby undertakes, that, for purposes of determining
          any liability under the Securities Act of 1933, each filing of the
          Registrant's annual report pursuant to Section 13(a) or Section 15(d) of
          the Securities Exchange Act of 1934 that is incorporated by reference in this
          registration statement shall be deemed to be a new registration statement
          relating to the securities offered herein, and the offering of such securities
          at that time shall be deemed to be the initial bona fide offering thereof.
(c)    
          Insofar as indemnification for liabilities arising under the Securities Act of
          1933 may be permitted to directors, officers and controlling persons of the
          Registrant pursuant to the foregoing provisions, or otherwise, the Registrant
          has been advised that in the opinion of the Securities and Exchange Commission
          such indemnification is against public policy as expressed in the Act and is,
          therefore, unenforceable. In the event that a claim for indemnification against
          such liabilities (other than the payment by the Registrant of expenses incurred
          or paid by a director, officer or controlling person of the Registrant in the
          successful defense of any action, suit or proceeding) is asserted by such
          director, officer or controlling person in connection with the securities being
          registered, the Registrant will, unless in the opinion of its counsel the matter
          has been settled by controlling precedent, submit to a court of appropriate
          jurisdiction the question whether such indemnification by it is against public
          policy as expressed in the Act and will be governed by the final adjudication of
          such issue.
4
SIGNATURES
Pursuant
to the requirements of the Securities Act of 1933, the registrant certifies that it has
reasonable grounds to believe that it meets all of the requirements for filing on Form S-8
and has duly caused this registration statement to be signed on its behalf by the
undersigned, thereunto duly authorized in the City of Milwaukee, State of Wisconsin, on
this 30
th
day of April, 2008.
BADGER METER, INC.
BY:
/s/ Richard A. Meeusen
Name: Richard A. Meeusen
Title: Chairman, President and Chief Executive Officer
POWER OF ATTORNEY
Pursuant
to the requirements of the Securities Act of 1933, this registration statement has been
signed by the following persons in the capacities and on the date indicated. Each person
whose signature appears below constitutes and appoints Richard A. Meeusen and Richard E.
Johnson, and each of them individually, his true and lawful attorneys-in-fact and agents,
with full power of substitution and resubstitution, for him and in his name, place and
stead, in any and all capacities, to sign any and all amendments (including post-effective
amendments) to this registration statement and to file the same, with all exhibits
thereto, and other documents in connection therewith, with the Securities and Exchange
Commission, granting unto said attorneys-in-fact and agents, and each of them, full power
and authority to do and perform each and every act and thing requisite and necessary to be
done in connection therewith, as fully to all intents and purposes as he might or could do
in person, hereby ratifying and confirming all that said attorneys-in-fact and agents, or
either of them, or their or his or her substitute or substitutes may lawfully do or cause
to be done by virtue hereof.
Signature
Title
Date
/s/ Richard A. Meeusen
Chairman, President and
April 30, 2008
Richard A. Meeusen
Chief Executive Officer
and Director (Principal
Executive Officer)
______________
Director
April 30, 2008
Ronald H. Dix
/s/ Thomas J. Fischer
Director
April 30, 2008
Thomas J. Fischer
/s/ Kenneth P. Manning
Director
April 30, 2008
Kenneth P. Manning
/s/ Ulice Payne, Jr.
Director
April 30, 2008
Ulice Payne, Jr.
S-1
Signature
Title
Date
/s/ Andrew J. Policano
Director
April 30, 2008
Andrew J. Policano
/s/ Steven J. Smith
Director
April 30, 2008
Steven J. Smith
/s/ John J. Stollenwerk
Director
April 30, 2008
John J. Stollenwerk
/s/ Richard E. Johnson
Senior Vice President-
April 30, 2008
Richard E. Johnson
Finance, Chief
Financial Officer
and Treasurer (Principal
Financial Officer)
/s/ Beverly L.P. Smiley
Vice President-
April 30, 2008
Beverly L.P. Smiley
Corporate Controller
(Principal Accounting Officer)
S-2
EXHIBIT INDEX
Exhibit No.
Exhibit
(4.1)
Badger
Meter, Inc. 2008 Restricted Stock Plan.
(4.2)
Form
of Restricted Stock Agreement used in connection with the Badger Meter, Inc.
                 2008 Restricted Stock Plan.
(4.3)
Rights
Agreement, dated as of May 26, 1998, between the Company and U.S. Bank,
                 National Association (f/k/a/ Firstar Bank, N.A., successor to Firstar
Trust                  Company). [Incorporated by reference to Exhibit 4.1 to the
Company's Registration                  Statement on Form 8-A (File No. 1-6706), dated as
of May 26, 1998.]
(4.4)
Agreement
of Substitution  and Amendment of Common Shares Rights  Agreement,  dated
                 August 16, 2002,  between the Company and American  Stock  Transfer & Trust
Company.                  [Incorporated  by reference to Exhibit 4.2 to the Company's
 Registration  Statement                  on Form S-3 (File No. 333-102057), filed on
December 20, 2002.]
(4.5)
Rights
 Agreement,  dated as of February 15, 2008,  between the Company and American
                 Stock  Transfer & Trust  Company.  [Incorporated  by reference to
Exhibit 4.1 to the                  Company's  Current  Report on Form 8-K (File No.
 1-6706),  dated as of February 15,                  2008.]
(5)
Opinion
of Foley & Lardner LLP.
(23.1)
Consent
of Ernst & Young LLP.
(23.2)
Consent
of Foley & Lardner LLP (contained in Exhibit (5) hereto).
(24)
Power
of Attorney  relating to  subsequent  amendments  (included  on the  signature
                 pages of this registration statement).