BALL Corp — Director's Dealing 2007

Sep 26, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BALL CORP (BLL)
CIK: 0000009389
Period of Report: 2007-09-24

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-09-24	Common Stock	J	30383	—	Disposed	268236	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-09-24	Prepaid Variable Forward Contract	$	J	35000	Disposed	2007-09-24	Common Stock (35000)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	400915	Direct
Common Stock	3016	Indirect

Footnotes

F1: On 9/24/04, 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 between 29,166 and 35,000 shares of Ball Corporation Common Stock (Ball Shares). The Contract obligated the Trust to deliver to the Buyer on 9/24/07 (Settlement Date), a number of Ball Shares equal to $1,652,835 (30,383 Ball shares @ $54.40 each). In exchange, the Trust originally received 86.295% of $1,255,692. The Contract provided, based on the price of Ball Shares on Settlement Date, that the Trust could receive 120% of the $35.8769 per share (Floor Price) up to a maximum of $43.05 per share (Ceiling Price). This transaction was disclosed on a Form 4 filing with the SEC on 9/24/04. The Contract matured on 9/24/07 and was settled in accordance with its terms through delivery by the Trust of 30,383 Ball Shares to the Buyer.

F2: The reporting person expressly disclaims beneficial ownership of the securities in the Suzanne A. Hoover Trust.