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BALL Corp Director's Dealing 2010

Feb 3, 2010

30458_dirs_2010-02-02_b2b9c464-26b7-4606-8ba4-914aed7eda6f.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BALL CORP (BLL)
CIK: 0000009389
Period of Report: 2010-02-01

Reporting Person: SEABROOK RAYMOND J (EXEC. V.P. & C.O.O. GLOBAL PKG)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-02-01 Common Stock J 300 $50.91 Acquired 160104.9686 Direct
2010-02-01 Common Stock M 3500 $10.6125 Acquired 163604.9686 Direct
2010-02-01 Common Stock S 3500 $50.7463 Disposed 160104.9686 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-02-01 Restricted Stock Units $ J 13500 Disposed Common Stock (13500) Direct
2010-02-01 Deferred Compensation Company Stock Plan $ J 13592.8501 Acquired Common Stock (13592.8501) Direct
2010-02-01 Employee Stock Option (Right to Buy) $10.6125 M 3500 Disposed 2011-03-06 Common Stock (3500) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 6583.577 Indirect
Common Stock 4075 Indirect

Footnotes

F1: Lapse of restrictions on Performance Contingent Restricted Stock Units as a result of attainment of the performance criteria.

F2: Exercise of stock options.

F3: Sale of stock in accordance with reporting person's pre-arranged 10b5-1 plan adopted by the reporting person on December 4, 2009.

F4: Total number of 401(k) Plan shares includes shares acquired through periodic dividend reinvestment, participant's contributions and employer matching contributions.

F5: The reporting person expressly disclaims beneficial ownership of these securities.

F6: 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.

F7: Lapse of restrictions on Performance Contingent Restricted Stock Units as a result of attainment of the performance criteria. Units deferred to the Deferred Compensation Company Stock Plan and may include company match.

F8: Stock units in Ball Corporation's Deferred Compensation Company Stock Plan are distributed upon the separation of service in accordance with the Plan.

F9: Shares exercisable beginning one year after grant in 25% increments and thereafter annually upon the anniversary of the date of the grant of the stock option.