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BALL Corp Director's Dealing 2011

Feb 2, 2011

30458_dirs_2011-02-01_13656811-a97f-4fe2-8683-d997ff594684.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BALL CORP (BLL)
CIK: 0000009389
Period of Report: 2011-01-31

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

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2011-01-31 Common Stock J 160 $71.13 Acquired 10347.4955 Direct
2011-01-31 Common Stock J 225 $71.13 Acquired 47662.3569 Indirect
2011-01-31 Common Stock F 160 $71.13 Disposed 10187.4955 Direct
2011-01-31 Common Stock F 225 $71.13 Disposed 47437.3569 Indirect

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2011-01-31 Restricted Stock Units $ J 4000 Disposed Common Stock (4000) Direct
2011-01-31 Restricted Stock Units $ J 7500 Disposed Common Stock (7500) Indirect
2011-01-31 Deferred Compensation Company Stock Plan $ J 4121.1753 Acquired Common Stock (4121.1753) Direct
2011-01-31 Deferred Compensation Company Stock Plan $ J 7556.1753 Acquired Common Stock (7556.1753) Indirect

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 826.315 Indirect

Footnotes

F1: Common stock acquired upon the lapse of Table II Restricted Stock Units.

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

F3: Shares withheld for the payment of the tax obligation on the lapse of restrictions on Table II restricted stock units.

F4: Total number of 401(k) Plan shares includes shares acquired through periodic dividend reinvestment, participant's contributions and employer matching contributions.

F5: Lapse of restricted stock units.

F6: 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.

F7: Lapsed restricted stock units deferred into Ball Corporation's Deferred Compensation Company Stock Plan as stock units and may include company match.

F8: Stock units in Ball Corporation's Deferred Compensation Company Stock Plan are distributed upon the separation of service in accordance with the Plan.