BALL Corp — Director's Dealing 2010

Feb 2, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: WESTERLUND DAVID A (EXEC VP, ADMIN & CORP SEC)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-02-01	Common Stock	J	9216	$50.91	Acquired	146509.7323	Direct
2010-02-01	Common Stock	F	4284	$50.91	Disposed	142225.7323	Direct
2010-02-01	Common Stock	M	1750	$10.6125	Acquired	143975.7323	Direct
2010-02-01	Common Stock	S	1750	$50.91	Disposed	142225.7323	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	Employee Stock Option (Right to Buy)	$10.6125	M	1750	Disposed	2011-03-06	Common Stock (1750)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2643.588	Indirect
Common Stock	25078	Indirect

Footnotes

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

F2: Shares withheld for the payment of the tax obligation on the lapse of restrictions on Table II performance contingent restricted stock units.

F3: Exercise of Stock Options.

F4: Sale of stock in accordance with reporting person's pre-arranged 10b5-1 plan adopted by the reporting person on December 8, 2009.

F5: Total number of 401(k) Plan shares includes shares acquired through periodic dividend reinvestment, participant's contributions and employer matching contributions.

F6: The reporting person expressly disclaims beneficial ownership of the spouse's securities.

F7: Shares exercisable beginning one year after grant in 25% increments and thereafter annually upon the anniversary of the date of grant of the stock option.