BALL Corp — Director's Dealing 2008

Dec 17, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BALL CORP (BLL)
CIK: 0000009389
Period of Report: 2008-12-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-12-15	Common Stock	J	494.1682	$39.31	Acquired	219076.2876	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-12-15	Deferred Compensation Company Stock Plan	$	J	2066.8712	Acquired		Common Stock (2066.8712)	Direct
2008-12-16	Deferred Compensation Company Stock Plan	$	I	15791.8914	Disposed		Common Stock (15791.8914)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3303.278	Indirect
Common Stock	218143	Indirect

Footnotes

F1: Dividend reinvestment in Ball Corporation 2000 Deferred Compensation Company Stock Plan.

F2: Due to a migration to a new SEC filing platform, after September 15, 2008, the Form 4 filings made by Ball Corporation's reporting persons will show up to four decimal places with respect to the acquisition and ownership of securities by the reporting person.

F3: Total number of Common Shares directly owned includes shares acquired through participation in the Ball Corporation Employee Stock Purchase Plan.

F4: Total number of 401(k) Plan shares includes shares acquired through periodic dividend reinvestment, participant's contributions and employer matching contributions.

F5: The reporting person's spouse is trustee for this trust for the benefit of the reporting person's spouse. The reporting person expressly disclaims beneficial ownership of these securities.

F6: Each unit may be settled for a single share of stock or the equivalent amount of cash pursuant to the Ball Corporation Deferred Compensation Company Stock Plan.

F7: Dividend reinvestment in Ball Corporation 2005 Deferred Compensation Company Stock Plan.

F8: Exempt discretionary transaction involving the transfer of units from one Ball Corporation Deferred Compensation Company Stock Plan ("DCCSP") fund to another fund within the DCCSP that are neither valued nor settled in Ball Corporation equity securities.

F9: Stock units in Ball Corporation's Deferred Compensation Company Stock Plan are distributed upon the separation of service in accordance with the Plan.