BALL Corp — Director's Dealing 2008

Nov 20, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BALL CORP (BLL)
CIK: 0000009389
Period of Report: 2008-11-19

Reporting Person: HAYES JOHN A (EXEC. V.P. & C.O.O. BALL CORP.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-11-19	Common Stock	J	20000	$30.60	Disposed	72038.6549	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-11-19	Prepaid Variable Forward Contract	$	J	20000	Disposed	2008-11-18	Common Stock (20000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1677.076	Indirect

Footnotes

F1: On 11-19-04, John A. Hayes entered into a prepaid variable forward contract (Contract) with a broker/dealer (Buyer) for disposition by Mr. Hayes of up to 20,000 shares of Ball Corporation Common Stock (Ball Shares). On 11-19-08, the Settlement Date, the Contract obligated Mr. Hayes to deliver to the Buyer a number of Ball Shares equal to $859,400 or a maximum of 20,000 Ball Shares (Contract Shares). This transaction was disclosed on a Form 4 filing with the SEC on 11-23-04 and was settled in accordance with its terms through delivery by Mr. Hayes of 20,000 Ball Shares to the Buyer.

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.