BALL Corp — Director's Dealing 2005

Oct 13, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BALL CORP (BLL)
CIK: 0000009389
Period of Report: 2005-09-30

Reporting Person: HOOVER R DAVID (Director, CHAIRMAN, PRESIDENT & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-09-30	Common Stock	J	103669	—	Disposed	319524	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-09-30	Prepaid Variable Forward Contract	$	J	120000	Disposed	2005-09-30	Common Stock (103669)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	477669	Direct
Common Stock	2645	Indirect

Footnotes

F1: On 9/30/02, the Suzanne A. Hoover Revocable Trust of 1/30/97 (Trust) finalized a prepaid variable forward contract (Contract) with a broker dealer (Buyer) relating to the disposition by the Trust of between 50,000 and 60,000 shares of Ball Corporation Common Stock (Ball Shares). The Contract obligated the Trust to deliver to the Buyer on 9/30/05 (Settlement Date), a number of Ball Shares equal to $3,000,000 (60,000 Ball shares @ $50.00 each). In exchange, the Trust received 85.48% of $3,000,000. The Contract provided, based on the price of Ball Shares on Settlement Date, that the Trust could receive 120% of the $50.00 per share (Floor Price) up to a maximum of $60.00 per share (Ceiling Price). This transaction was disclosed on a Form 4 filing with the SEC on 10/1/02. Ball Shares were subject to a stock split on 8/23/04. The Contract matured on 9/30/05 and was settled in accordance with its terms through delivery by the Trust of 103,669 Ball Shares to the Buyer.

F2: The reporting person expressly disclaims beneficial ownership of these securities.