BALL Corp — Director's Dealing 2011

Feb 28, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BALL CORP (BLL)
CIK: 0000009389
Period of Report: 2011-02-25

Reporting Person: Pauley Lisa Ann (VP,Administration & Compliance)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-25	Common Stock	M	1000	$14.0775	Acquired	21374.991	Direct
2011-02-25	Common Stock	F	390	$36.10	Disposed	20984.991	Direct
2011-02-25	Common Stock	M	9506	$11.8725	Acquired	30490.991	Direct
2011-02-25	Common Stock	S	5223	$35.9331	Disposed	25267.991	Direct
2011-02-25	Common Stock	M	1100	$17.055	Acquired	26367.991	Direct
2011-02-25	Common Stock	F	520	$36.10	Disposed	25847.991	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-25	Stock Option (iso) (Right to Buy)	$14.0775	M	1000	Disposed	2013-04-23	Common Stock (1000)	Direct
2011-02-25	Employee Stock Option (Right to Buy)	$11.8725	M	9506	Disposed	2012-04-24	Common Stock (9506)	Direct
2011-02-25	Stock Option (iso) (Right to Buy)	$17.055	M	1100	Disposed	2014-04-29	Common Stock (1100)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1714.353	Indirect
Common Stock	110467.5758	Indirect

Footnotes

F1: Exercise of Incentive Stock Options (ISOs).

F2: Exercise of stock options.

F3: Total number of 401(k) Plan shares includes shares acquired through periodic dividend reinvestment, participant's contributions and employer matching contributions.

F4: The reporting person expressly disclaims beneficial ownership of the securities owned by Spouse.

F5: Shares exercisable beginning one year after grant in 25% increments and thereafter annually upon the anniversary of the date of the grant of the incentive stock option.

F6: 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.