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: Pauley Lisa Ann (VP,Administration & Compliance)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-12-15	Common Stock	J	45.0438	$39.31	Acquired	41313.1292	Indirect
2008-12-15	Common Stock	J	4.3254	$39.31	Acquired	11433.6643	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-12-15	Deferred Compensation Company Stock Plan	$	J	129.7712	Acquired		Common Stock (129.7712)	Direct
2008-12-15	Deferred Compensation Company Stock Plan	$	J	569.0772	Acquired		Common Stock (569.0772)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	435.581	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: The reporting person expressly disclaims beneficial ownership of these securities.

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

F5: 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.

F6: Dividend reinvestment in Ball Corporation 2005 Deferred Compensation Company Stock Plan.

F7: Stock units in Ball Corporation's Deferred Compensation Company Stock Plan are distributed upon the separation of service in accordance with the Plan.