BALL Corp — Director's Dealing 2008

Jun 18, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BALL CORP (BLL)
CIK: 0000009389
Period of Report: 2008-06-11

Reporting Person: Williams Leroy James Jr (VP Information & Tech Services)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-06-11	Common Stock	S	414	$50.19	Disposed	3426	Direct
2008-06-13	Common Stock	S	585	$51.8015	Disposed	2841	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-06-16	Deferred Compensation Company Stock Plan	$	J	1	Acquired		Common Stock (1)	Direct
2008-06-13	Restricted Stock Units	$	A	1500	Acquired		Common Stock (1500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	415	Indirect

Footnotes

F1: Due to an administrative error, the sale of 414 shares was not timely reported.

F2: Dividend reinvestment in Ball Corporation 2005 Deferred Compensation Company Stock Plan.

F3: Restricted Stock Units awarded under the Deposit Share Program under the 2005 Stock and Cash Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of Ball Corporation Common Stock.

F4: The restricted stock units will cliff lapse after four years from the restricted stock unit grant date. The lapsing restrictions may be accelerated by meeting the reporting person's stock ownership guidelines. If the stock ownership guidelines are met, then 30% of the restriction will lapse in the second year, 30% in the third year and 40% in the fourth year on either March 31, June 30, September 30 or December 31, the quarter immediately following the anniversary of the restricted stock unit grant date. Vested units will be delivered to the reporting person in accordance with the aforementioned terms, or, if the units are deferred, in accordance with the reporting person's deferral elections or the terms of the Plan.