X0201 4 2003-09-23 0 0000009389 BALL CORP BLL 0001186033 HOOVER R DAVID C/O BALL CORPORATIO 10 LONGS PEAK DRIVE BROOMFIELD CO 80021-2510 1 1 0 0 CHAIRMAN, PRESIDENT & CEO Prepaid Variable Forward Contract 2003-09-23 4 J 0 40000 A 2006-09-22 2006-09-22 Common Stock 40000 40000 I by trust On 9-23-03, the Suzanne A. Hoover Revocable Trust dated 1-30-97 (the Trust) entered into a prepaid variable forward contract (Contract) with a broker/dealer (Buyer) for the disposition by the Trust of between 33,333 & 40,000 shares of Ball Corp. Common Stock (Ball Shares). The Contract obligates the Trust to deliver to Buyer on 9-22-06 (Settlement Date), a number of Ball Shares equal to $2,161,600 (currently 40,000 shares @$54.04). In exchange, the Trust initially receives 83.99% of $2,161,600. Per the Contract, on the Settlement Date the Trust receives up to 120% of the $54.04 per share price (Ceiling Price) if Ball Shares appreciate above $54.04 per share (Floor Price). The number of shares to be sold by the Trust will be between 33,333 & 40,000 Ball Shares & will depend on whether the Ceiling Price is above the Floor Price. At the Trust's option, it may deliver cash in an amount equivalent to the value of the required number of Ball Shares to be delivered on the Settlement Date. The reporting person expressly disclaims beneficial ownership of these securities; 40,000 of these shares are committed for use in a prepaid variable forward contract dated 9-23-03. Direct Ownership of Common Stock as of 9-23-03 173,552 shares; Indirect Ownership of Common Stock as of 9-23-03 1,120 shares (401(k) plan} and 134,473 shares (by trust). Total number of Common Shares directly owned includes shares acquired through participation in the Ball Corporation Employee Stock Purchase Plan. Total number of 401(k) Plan shares includes shares acquired through periodic dividend reinvestment and employer matching contributions. By: Donald C. Lewis, VP, AsstCorpSec&GenCoun For: R. David Hoover 2003-09-23