BALL Corp — Director's Dealing 2011

Jan 28, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BALL CORP (BLL)
CIK: 0000009389
Period of Report: 2011-01-26

Reporting Person: Knobel Jeff A (Treasurer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-26	Stock Appreciation Rights (sars)	$71.67	A	4725	Acquired	2021-01-26	Common Stock (4725)	Direct
2011-01-26	Stock Option (iso) (Right to Buy)	$71.67	A	675	Acquired	2021-01-26	Common Stock (675)	Direct
2011-01-26	Restricted Stock Units	$	A	1450	Acquired		Common Stock (1450)	Direct

Footnotes

F1: SARs (Stock Appreciation Rights) granted under the Ball Corporation Stock and Cash Incentive Plan. The stock appreciation rights vest in four annual installments beginning one year after date of grant.

F2: Incentive Stock Option (ISO) granted under the Ball Corporation Stock & Cash Incentive Plan. The option vests in four annual installments beginning one year after date of grant.

F3: Receipt of performance contingent restricted stock unit grant under the Ball Corporation Stock and Cash Incentive Plan, which vests in three years upon the attainment of the performance criteria.

F4: Restricted Stock Units awarded under the Stock and Cash Incentive Plan. Each restricted stock unit represents a contingent right to receive one share of Ball Corporation Common Stock.