BALL Corp — Director's Dealing 2010

Jul 16, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BALL CORP (BLL)
CIK: 0000009389
Period of Report: 2010-07-15

Reporting Person: Knobel Jeff A (Treasurer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-07-15	Restricted Stock Units	$	A	2000	Acquired		Common Stock (2000)	Direct

Footnotes

F1: Each restricted stock unit represents a contingent right to receive one share of Ball Corporation Common Stock.

F2: Receipt of restricted stock unit award under the Deposit Share Program.

F3: 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 shares will be delivered to the reporting person in accordance with the aforementioned terms, or, if the shares are deferred, in accordance with the reporting person's deferral elections or the terms of the Plan.