BALL Corp — Director's Dealing 2004

Nov 19, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BALL CORP (BLL)
CIK: 0000009389
Period of Report: 2004-11-17

Reporting Person: FRIEDERY JOHN R (COO, N. American Packaging)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-11-17	Prepaid Variable Forward Contract	$	J	35000	Acquired	2007-11-16	Common Stock (35000)	Direct

Footnotes

F1: On 11-17-04, John R. Friedery entered into a prepaid variable forward contract (Contract) with a broker/dealer (Buyer) for disposition of 35,000 shares of Ball Corp Common Stock (Ball Shares). Contract obligates Mr. Friedery to deliver to Buyer on 11-16-07 (Settlement Date) a number of Ball Shares equal to $1,504,650 (currently 35,000 Ball Shares @$42.99). In exchange Mr. Friedery initially receives a portion of the settlement price. The number of Ball Shares to be sold by Mr. Friedery under Contract will be 35,000 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 11-16-07. At Mr. Friedery's option he may deliver cash equivalent to value of required number of Ball Shares to be delivered on Settlement Date.