BALL Corp — Director's Dealing 2007

Aug 13, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BALL CORP (BLL)
CIK: 0000009389
Period of Report: 2007-08-10

Reporting Person: WESTERLUND DAVID A (EXEC VP, ADMIN & CORP SEC)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-08-10	Common Stock	J	35422	$51.93	Disposed	25078	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-08-10	Prepaid Variable Forward Contract	$	J	41152	Disposed	2007-08-10	Common Stock (41152)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	203012	Direct
Common Stock	2154	Indirect

Footnotes

F1: On 8-12-04, Ann B. Westerlund (Seller), an affiliate of David A. Westerlund, entered into a prepaid variable forward contract (Contract) with a broker/dealer (Buyer) for disposition of 20,576 shares of Ball Corp Common Stock (Ball Shares). Contract obligates Seller to deliver to Buyer on 8-10-07 (Settlement Date) a number of Ball Shares equal to $1,283,737.00. In exchange, Seller initially received 86.34% of $1,486,821.76 ($62.39/share Purchase Price). Per Contract, on Settlement Date Seller receives up to 120% of $72.26/share price ($86.72/share Ceiling Price) if Ball Shares appreciate above $72.26/share (Floor Price). Ball Shares to be sold by Seller will depend on whether the Ceiling Price is above Floor Price. The transaction was disclosed on a Form 4 filing with the SEC on 8/1/04. Ball Shares were subject to a stock split on 8/23/04. The Contract matured on 8/10/07 & was settled in accordance with its terms by delivery of 35,422 Ball shares to Buyer.

F2: The reporting person expressly disclaims beneficial ownership of the spouse's securities.