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 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * DIX RONALD H   2. Issuer Name and Ticker or Trading Symbol BADGER METER INC [BMI] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __X__ Director _____ 10% Owner __X__ Officer (give title below) __X__ Other (specify below) Sr. VP-Admin. / Co-trustee Officers' Voting Tr (Last) (First) (Middle) 4545 W BROWN DEER ROAD, P.O. BOX 245036 3. Date of Earliest Transaction (Month/Day/Year) 07/06/2006 (Street) MILWAUKEE, WI 53224-9536 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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 07/06/2006   Z(1)   17,000 D (2) 25,000 (3) I Officers' Voting Trust Common Stock 07/06/2006   J   17,000 A (2) 33,000 D   Common Stock               13,038.36 I ESSOP Common Stock               92,600 D   Common Stock               6,700 I Restricted Stock

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (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)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Options

$ 5.7475

01/29/2003

01/29/2012

BMI Common Stock

10,400

10,400 (4)

D

Stock Options

$ 7

05/02/2004

05/02/2013

BMI Common Stock

24,000

24,000 (4)

D

Stock Options

$ 7

05/02/2004

05/02/2013

BMI Common Stock

10,000

10,000 (4)

D

Stock Options

$ 7.125

05/18/2002

05/18/2011

BMI Common Stock

20,000

20,000 (4)

D

Stock Options

$ 10.0625

07/16/2000

07/16/2009

BMI Common Stock

14,000

14,000 (4)

D

Stock Options

$ 18.325

05/09/2006

05/09/2015

BMI Common Stock

4,500

4,500 (4)

D

Stock Options

$ 31.41

05/05/2007

05/05/2016

BMI Common Stock

3,600

3,600 (4)

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
DIX RONALD H 4545 W BROWN DEER ROAD P.O. BOX 245036 MILWAUKEE, WI 53224-9536	X		Sr. VP-Admin.	Co-trustee Officers' Voting Tr

Signatures

Ronald H. Dix		07/06/2006
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	Reporting person chose to remove shares in excess of those needed as collateral on loan granted by the Officers' Voting Trust to purchase shares of Company stock prior to July 2002. Mr. Dix plans to hold the shares directly.
(2)	Shares were purchased at various prices over an extended period of time.
(3)	All share amounts have been adjusted for the Company's 2-for-1 stock split payable June 15, 2006.
(4)	All stock option amounts and prices have been adjusted to reflect the Company's 2-for-1 stock split payable June 15, 2006.

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