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: BAKER CHARLES E (VP,GEN COUNSEL & ASST CORP SEC)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-12-15	Common Stock	J	4.0293	$39.31	Acquired	33311.1368	Direct
2008-12-16	Common Stock	S	1200	$40.05	Disposed	32111.1368	Direct
2008-12-16	Common Stock	S	300	$40.03	Disposed	31811.1368	Direct
2008-12-16	Common Stock	S	75	$40.02	Disposed	31736.1368	Direct
2008-12-16	Common Stock	S	325	$40.01	Disposed	31411.1368	Direct
2008-12-16	Common Stock	S	100	$40.00	Disposed	31311.1368	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-12-15	Deferred Compensation Company Stock Plan	$	J	2.7314	Acquired		Common Stock (2.7314)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	296.8549	Indirect
Common Stock	200	Indirect
Common Stock	320	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 401(k) Plan shares includes shares acquired through periodic dividend reinvestment, participant's contributions and employer matching contributions.

F4: 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.

F5: Dividend reinvestment in Ball Corporation 2005 Deferred Compensation Company Stock Plan.

F6: Stock units in Ball Corporation's Deferred Compensation Company Stock Plan are distributed upon the separation of service in accordance with the Plan.