Stock-Based Compensation Programs (Tables)

9 Months Ended

Sep. 30, 2013

Stock-Based Compensation Programs

Summary of stock option and SSAR activity

A summary of stock option and SSAR activity for the nine months ended September 30, 2013, follows:

	Outstanding Options and SSARs
	Number of Shares		Weighted Average Exercise Price
Beginning of year	9,982,104		$	26.71
Granted	1,364,870		$	45.93
Exercised	(1,046,369	)	$	23.14
Canceled/forfeited	(48,625	)	$	37.62
End of period	10,251,980		$	29.59
Vested and exercisable, end of period	6,866,980		$	24.79
Reserved for future grants (a)	12,412,861

(a) On April 24, 2013, Ball’s shareholders approved the 2013 Stock and Cash Incentive Plan, which authorized 12.5 million shares for future option, SSAR and restricted share 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	5.50 years	5.26 years

Summary of restricted stock activity

The following is a summary of restricted stock activity for the nine months ended September 30, 2013:

	Number of Shares/Units		Weighted Average Grant Price
Beginning of year	1,763,636		$	28.97
Granted	185,845		46.11
Vested	(493,910	)	26.61
Canceled/forfeited	(5,502	)	34.21
End of period	1,450,069		31.95