X0202 4 2007-08-10 0 0000009389 BALL CORP BLL 0001205948 WESTERLUND DAVID A BALL CORPORATION 10 LONGS PEAK DR. BROOMFIELD CO 80021-2510 0 1 0 0 EXEC VP, ADMIN & CORP SEC Common Stock 2007-08-10 4 J 0 35422 51.93 D 25078 I by Spouse Common Stock 203012 D Common Stock 2154 I 401(k) plan Prepaid Variable Forward Contract 2007-08-10 4 J 0 41152 D 2007-08-10 2007-08-10 Common Stock 41152 0 I by Spouse On 8-12-04, Ann B. Westerlund (Seller), an affiliate of David A. Westerlund, entered into a prepaid variable forward contract (Contract) with a broker/dealer (Buyer) for disposition of 20,576 shares of Ball Corp Common Stock (Ball Shares). Contract obligates Seller to deliver to Buyer on 8-10-07 (Settlement Date) a number of Ball Shares equal to $1,283,737.00. In exchange, Seller initially received 86.34% of $1,486,821.76 ($62.39/share Purchase Price). Per Contract, on Settlement Date Seller receives up to 120% of $72.26/share price ($86.72/share Ceiling Price) if Ball Shares appreciate above $72.26/share (Floor Price). Ball Shares to be sold by Seller will depend on whether the Ceiling Price is above Floor Price. The transaction was disclosed on a Form 4 filing with the SEC on 8/1/04. Ball Shares were subject to a stock split on 8/23/04. The Contract matured on 8/10/07 & was settled in accordance with its terms by delivery of 35,422 Ball shares to Buyer. The reporting person expressly disclaims beneficial ownership of the spouse's securities. Total number of Common Shares directly owned includes shares acquired through the Ball Corporation Dividend Reinvestment Plan. 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: Robert W. McClelland, AssocGenCounsel For: David A. Westerlund 2007-08-13