BALL Corp — Director's Dealing 2007

Nov 6, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BALL CORP (BLL)
CIK: 0000009389
Period of Report: 2007-11-02

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-11-02	Common Stock	J	50093	—	Disposed	218143	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-11-02	Prepaid Variable Forward Contract	$	J	60000	Disposed	2007-11-02	Common Stock (60000)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	400941	Direct
Common Stock	3040	Indirect

Footnotes

F1: On 11/02/04, 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 up to 60,000 shares of Ball Corporation Common Stock (Ball Shares). On 11/02/07, the Settlement Date, the Contract obligated the Trust to deliver to the Buyer a number of Ball Shares equal to $2,442,535 (50,093 Ball shares @ $48.76 each). In exchange, the Trust originally received 83.99% of $2,415,180. The Contract provided, based on the price of Ball Shares on Settlement Date, that the Trust could receive 120% of the $40.2530 per share (Floor Price) up to a maximum of $48.30 per share (Ceiling Price). This transaction was disclosed on a Form 4 filing with the SEC on 11/02/04 and was settled in accordance with its terms through delivery by the Trust of 50,093 Ball Shares to the Buyer.

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