BALL Corp — Director's Dealing 2008

May 20, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BALL CORP (BLL)
CIK: 0000009389
Period of Report: 2008-05-16

Reporting Person: LEHMAN JOHN F (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-16	Common Stock	M	24000	$11.0782	Acquired	96882	Direct
2008-05-16	Common Stock	S	24000	$55.24	Disposed	72882	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-05-16	Stock Option (right to buy)	$11.0782	M	24000	Disposed	2008-07-22	Common Stock (24000)	Direct

Footnotes

F1: Shares exercisable beginning one year after grant in 25% increments.