FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

HAYES JOHN A 		2. Issuer Name and Ticker or Trading Symbol

BALL CORP [ BLL ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
EXEC. V.P. & C.O.O. BALL CORP.
(Last)          (First)          (Middle)

BALL CORPORATION, 10 LONGS PEAK DR. 		3. Date of Earliest Transaction (MM/DD/YYYY)

11/19/2008
(Street)

BROOMFIELD, CO 80021-2510
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   11/19/2008     J (1)    20000   D $30.60   72038.6549   (2) D    
Common Stock                  1677.076   (2) I   401(k) Plan   (3)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Prepaid Variable Forward Contract     (1) 11/19/2008     J  (1)       20000    11/18/2008   11/18/2008   Common Stock   20000     (1) 0   D    

Explanation of Responses:
( 1)  On 11-19-04, John A. Hayes entered into a prepaid variable forward contract (Contract) with a broker/dealer (Buyer) for disposition by Mr. Hayes of up to 20,000 shares of Ball Corporation Common Stock (Ball Shares). On 11-19-08, the Settlement Date, the Contract obligated Mr. Hayes to deliver to the Buyer a number of Ball Shares equal to $859,400 or a maximum of 20,000 Ball Shares (Contract Shares). This transaction was disclosed on a Form 4 filing with the SEC on 11-23-04 and was settled in accordance with its terms through delivery by Mr. Hayes of 20,000 Ball Shares to the Buyer.
( 2)  Due to a migration to a new SEC filing platform, after September 15, 2008, the Form 4 filings made by Ball Corporation's reporting persons will show up to four decimal places with respect to the acquisition and ownership of securities by the reporting person.
( 3)  Total number of 401(k) Plan shares includes shares acquired through periodic dividend reinvestment, participant's contributions and employer matching contributions.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
HAYES JOHN A
BALL CORPORATION
10 LONGS PEAK DR.
BROOMFIELD, CO 80021-2510

EXEC. V.P. & C.O.O. BALL CORP.

Signatures
/s/ Charles E. Baker, attorney-in-fact for Mr. Hayes 11/20/2008
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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