BALL Corp — Director's Dealing 2007

Jun 20, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BALL CORP (BLL)
CIK: 0000009389
Period of Report: 2007-06-18

Reporting Person: HAYES JOHN A (EXEC VP BPE GMBH/VP BALL CORP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-06-18	Common Stock	J	29682	—	Disposed	140267	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-06-18	Prepaid Variable Forward Contract	$	J	34000	Disposed	2007-06-18	Common Stock (34000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1380	Indirect

Footnotes

F1: On 6-18-04 John A. Hayes entered into a prepaid variable forward contract (Contract) with a broker/dealer (Buyer) for disposition of 17,000 shares of Ball Corp Common Stock (Ball Shares). Contract obligates Mr. Hayes to deliver to Buyer on 6-18-07 (Settlement Date) a number of Ball Shares equal to $1,186,303. In exchange Mr. Hayes initially received 85.41% of $1,186,303 ($59.60/share Purchase Price). Per Contract on Settlement Date Mr. Hayes receives up to 120% of $69.78/share price ($83.74/share Ceiling Price) if Ball Shares appreciate above $69.78/share (Floor Price). The number of Ball Shares to be sold by Mr. Hayes under Contract will be 17,000 base amount & will depend on whether the Ceiling Price is above Floor Price. This transaction was disclosed on a Form 4 filing with the SEC on 6/18/04. Ball Shares were subject to a stock split on 8/23/04. The Contract matured on 6/18/07 and was settled in accordance with its terms through delivery of 29,682 Ball Shares to the Buyer.