BALL Corp — Director's Dealing 2011

Mar 17, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BALL CORP (BLL)
CIK: 0000009389
Period of Report: 2011-03-15

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
2011-03-15	Common Stock	J	295.9623	$34.18	Acquired	361178.6273	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-03-15	Restricted Stock Units	$	A	1469	Acquired		Common Stock (1469)	Direct
2011-03-15	Deferred Compensation Company Stock Plan	$	J	294.7958	Acquired		Common Stock (294.7958)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	13660.51	Indirect
Common Stock	9750	Indirect

Footnotes

F1: Dividend reinvestment in Ball Corporation 2000 Deferred Compensation Company Stock Plan.

F2: Total number of 401(k) Plan shares includes shares acquired through periodic dividend reinvestment, participant's contributions and employer matching contributions.

F3: The reporting person expressly disclaims beneficial ownership of these securities.

F4: Each restricted stock unit represents a contingent right to receive one share of Ball Corporation Common Stock.

F5: Restricted Stock Award granted under the Deposit Share Program.

F6: 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 15, June 15, September 15 or December 15, 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.

F7: 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.

F8: Dividend reinvestment in Ball Corporation's Deferred Compensation Company Stock Plan.

F9: Stock units in Ball Corporation's Deferred Compensation Company Stock Plan are distributed upon the separation of service in accordance with the Plan.