Form: 3

Initial statement of beneficial ownership of securities

January 27, 2011

Documents

SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES


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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1. Name and Address of Reporting Person*
Peterson James N
(Last) (First) (Middle)
10 LONGS PEAK DRIVE
(Street)
BROOMFIELD CO 80021
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
01/26/2011 		3. Issuer Name and Ticker or Trading Symbol
BALL CORP [ BLL ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
VP, Marketing & Corp. Affairs
 5. 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 Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 586.564 I 401(k) Plan(1)
Common Stock 2,090.8817 D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
2005 Deferred Compensation Company Stock Plan (2) (2) Common Stock 116.851 (2) D
Employee Stock Option (Right to Buy) 04/26/2007 04/26/2016 Common Stock 500 43.69 D
Employee Stock Option (Right to Buy) 04/23/2009 04/23/2018 Common Stock 2,400 50.11 D
Restricted Stock Units (3) (3) Common Stock 2,700 (3) D
Stock Appreciation Rights (sars) 01/28/2010 01/28/2019 Common Stock 2,500 40.08 D
Stock Appreciation Rights (sars) 01/27/2011 01/27/2020 Common Stock 1,700 50.45 D
Stock Option (iso) (Right to Buy) 01/28/2010 01/28/2019 Common Stock 2,500 40.08 D
Stock Option (iso) (Right to Buy) 01/27/2011 01/27/2020 Common Stock 1,600 50.45 D
Explanation of Responses:
1. Total number of 401(k) Plan shares includes shares acquired through periodic dividend reinvestment, participant's contributions and employer matching contributions.
2. Stock Units in Ball Corporation's Deferred Compensation Company Stock Plan are distributed upon the separation of service in accordance with the Plan.
3. 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.
Janice L. Rodriguez, attorney-in-fact for Mr. Hayes 01/27/2011
** 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 5 (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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