BALL Corp — Director's Dealing 2004

Nov 23, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BALL CORP (BLL)
CIK: 0000009389
Period of Report: 2004-11-19

Reporting Person: HAYES JOHN A (VP, CORP STRATEGY & DEV)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-11-19	Prepaid Variable Forward Contract	$	J	20000	Acquired	2008-11-18	Common Stock (20000)	Direct

Footnotes

F1: On 11-19-04, John A. Hayes entered into a prepaid variable forward contract (Contract) with a broker/dealer (Buyer) for disposition of 20,000 shares of Ball Corp Common Stock (Ball Shares). Contract obligates Mr. Hayes to deliver to Buyer on 11-18-08 (Settlement Date) a number of Ball Shares equal to $859,400 (currently 20,000 Ball Shares @$42.97). In exchange Mr. Hayes initially receives a portion of the settlement price. The number of Ball Shares to be sold by Mr. Hayes under Contract will be 20,000 base amount & will depend on whether the ceiling price is above floor price. To fulfill the Contract, Ball Shares have been delivered to Buyer but will not be sold until 11-18-08. At Mr. Hayes's option, he may deliver cash equivalent to value of required number of Ball Shares to be delivered on Settlement Date.