BALL Corp — Director's Dealing 2011

Feb 8, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BALL CORP (BLL)
CIK: 0000009389
Period of Report: 2011-02-07

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-07	Common Stock	M	7456	$28.155	Acquired	114391.5776	Direct
2011-02-07	Common Stock	F	2858	$73.47	Disposed	111533.5776	Direct
2011-02-07	Common Stock	M	2500	$10.6125	Acquired	114033.5776	Direct
2011-02-07	Common Stock	S	2500	$73.3039	Disposed	111533.5776	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-07	Stock Option (iso) (Right to Buy)	$28.155	M	7456	Disposed	2013-04-22	Common Stock (7456)	Direct
2011-02-07	Employee Stock Option (Right to Buy)	$10.6125	M	2500	Disposed	2011-03-06	Common Stock (2500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2845.154	Indirect
Common Stock	3078	Indirect

Footnotes

F1: Exercise of Incentive Stock Options (ISO).

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 spouse's securities.

F5: 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.