Stock-Based Compensation Programs (Tables)

3 Months Ended

Mar. 31, 2013

	Outstanding Options
	Number of Shares		Weighted Average Exercise Price

Beginning of year	9,982,104		$	26.71
Granted	1,364,870		45.93
Exercised	(624,587	)	22.74
Canceled/forfeited	(46,125	)	34.27
End of period	10,676,262		29.37

Vested and exercisable, end of period	7,285,362		24.72
Reserved for future grants (a)	1,824,712

(a) On April 24, 2013, Ball’s shareholders approved the 2013 Stock and Cash Incentive Plan, which authorized 12.5 million shares for future grants. This authorization replaced all previous authorizations.

Schedule of weighted average assumptions used for estimating fair values of options

	January 2013	January 2012

Expected dividend yield	1.13%	1.06%
Expected stock price volatility	22.02%	30.22%
Risk-free interest rate	1.02%	0.84%
Expected life of options (in years)	5.5 years	5.26 years

Summary of restricted stock activity

The following is a summary of restricted stock activity for the three months ended March 31, 2013:

	Number of Shares/Units		Weighted Average Grant Price

Beginning of year	1,763,636		$	28.97
Granted	158,375		45.89
Vested	(413,015	)	26.41
Canceled/forfeited	(6,679	)	36.16
End of period	1,502,317		31.42