X0202 4 2006-09-18 0 0000009389 BALL CORP BLL 0001186033 HOOVER R DAVID BALL CORPORATION 10 LONGS PEAK DR. BROOMFIELD CO 80021-2510 1 1 0 0 CHAIRMAN, PRESIDENT & CEO Prepaid Variable Forward Contract 2006-09-18 4 J 0 80000 A 2009-09-18 2009-09-18 Common Stock 80000 80000 I by trust On 09-18-06, the Suzanne A. Hoover Revocable Trust dated 1-30-97 and as amended and restated 7-11-03 (the Trust) entered into a prepaid variable forward contract (Contract) with a broker/dealer (Buyer) for disposition by the Trust of up to 80,000 shares of Ball Corp Common Stock (Ball Shares). Contract obligates the Trust to deliver to Buyer on 09-18-09 (Settlement Date), a number of Ball Shares equal to $3,297,216 (currently 80,000 shares @ 41.2152). In exchange, the Trust initially receives 81% of $3,297,216. Per the Contract, on the Settlement Date the Trust receives up to 130% of the $41.2152 per share price (Ceiling Price) if Ball Shares appreciate above $41.2152 per share (Floor Price). The number of shares to be sold by the Trust will be up to 80,000 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 Settl The reporting person expressly disclaims beneficial ownership of these securities; 80,000 of these shares are committed for use in a prepaid variable forward contract dated 09-18-06. 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: Charles E. Baker,VP,GenCouns&AsstCorpSec For: R. David Hoover 2006-09-19