BALL Corp — Director's Dealing 2011

Feb 18, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BALL CORP (BLL)
CIK: 0000009389
Period of Report: 2011-02-17

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-17	Common Stock	M	28000	$5.3063	Acquired	122938.5758	Indirect
2011-02-17	Common Stock	S	12471	$36.7901	Disposed	110467.5758	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-17	Stock Option (Right to Buy)	$5.3063	M	28000	Disposed	2011-03-06	Common Stock (28000)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1672.382	Indirect
Common Stock	20374.991	Direct

Footnotes

F1: Exercise of Stock Options.

F2: The reporting person expressly disclaims beneficial ownership of the securities owned by Spouse.

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

F4: 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.