Form: 4

Statement of changes in beneficial ownership of securities

April 30, 2007

SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP


Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Pauley Lisa Ann
(Last) (First) (Middle)
BALL CORPORATION
10 LONGS PEAK DR.
(Street)
BROOMFIELD CO 80021-2510
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
BALL CORP [ BLL ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
VP Administration & Compliance
3. Date of Earliest Transaction (Month/Day/Year)
04/25/2007
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 04/27/2007 J(1) 750 D $50.83 10,754 D
Common Stock 161 I 401(k) plan
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units (2) 04/25/2007 A(2) 3,000 (2) (2) Restricted Stock Units 3,000 $49.32 4,500 D
Restricted Stock Units (3) 04/27/2007 J(3) 150 (3) (3) Restricted Stock Units 150 $50.83 4,650 D
Restricted Stock Units (1) 04/27/2007 J(1) 750 (1) (1) Restricted Stock Units 750 $50.83 5,400 D
Stock Appreciation Rights (SARS) $49.32 04/25/2007 A(4) 6,424 04/26/2008 04/26/2017 Common Stock 6,424 $49.32 6,424 D
Stock Option (ISO) (right to buy) $49.32 04/25/2007 A(5) 2,576 04/26/2008 04/26/2017 Common Stock 2,576 $49.32 2,576 D
Explanation of Responses:
1. Reclassification, due to plan design change, of lapsed restricted stock to restricted stock units and deferral to Ball Corporation's Deferred Compensation Company Stock Plan.
2. Receipt of performance contingent restricted stock unit grant under the 2005 Stock and Cash Incentive Plan, which vests in three years upon the attainment of the performance criteria.
3. Company match in restricted stock units for insider's contribution to Ball Corporation's Deferred Compensation Company Stock Plan.
4. SARs (Stock Appreciation Rights) granted under the Ball Corporation 2005 Stock and Cash Incentive Plan. The stock appreciation rights vest in four annual installments beginning one year after date of grant.
5. Incentive stock option (ISO) granted under the Ball Corporation 2005 Stock & Cash Incentive Plan. The option vests in four annual installments beginning one year after date of grant.
Remarks:
Total number of 401(k) Plan shares include shares acquired through periodic dividend reinvestment, participant's contributions and employer matching contributions.
By: Charles E. Baker, VP,GenCoun&AsstCorpSec For: Lisa Ann Pauley 04/30/2007
** Signature of Reporting Person Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).

** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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