Ownership Submission
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

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(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
HOOVER R DAVID
   2. Issuer Name and Ticker or Trading Symbol
BALL CORP [BLL] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) __X__ Other (specify below)
CHAIRMAN OF THE BOARD
(Last)
(First)
(Middle)
BALL CORPORATION, 10 LONGS PEAK DR.		 3. Date of Earliest Transaction (Month/Day/Year)
01/03/2012
(Street)

BROOMFIELD, CO 80021-2510		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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 01/03/2012   M(1)   25,000 A $ 11.8725 425,408.872 D  
Common Stock 01/03/2012   S(2)   25,000 D $ 35.91 400,408.872 D  
Common Stock 01/03/2012   M(1)   10,000 A $ 11.8725 410,408.872 D  
Common Stock 01/03/2012   S(1)   10,000 D $ 36 400,408.872 D  
Common Stock               7,668.547 I 401(k) Plan (3)
Common Stock               11,959 I RDH Trust
Common Stock               366,002 I SAH Trust (4)

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(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
Employee Stock Option (Right to Buy) $ 11.8725 01/03/2012   M(1)     25,000   (5) 04/23/2012 Common Stock 25,000 $ 0 197,000 D  
Employee Stock Option (Right to Buy) $ 11.8725 01/03/2012   M(1)     10,000   (5) 04/23/2012 Common Stock 10,000 $ 0 187,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
HOOVER R DAVID
BALL CORPORATION
10 LONGS PEAK DR.
BROOMFIELD, CO 80021-2510		   X     CHAIRMAN OF THE BOARD

Signatures

 /s/ Janice L. Rodriguez, attorney-in-fact for Mr. Hoover   01/04/2012
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Exercise of stock options in accordance with reporting person's pre-arranged 10b5-1 plan adopted by the reporting person on December 14, 2011.
(2) Sale of stock in accordance with reporting person's pre-arranged 10b5-1 plan adopted by the reporting person on December 14, 2011.
(3) Total number of 401(k) Plan shares previously acquired through periodic dividend reinvestment, participant's contributions and employer matching contributions.
(4) The reporting person expressly disclaims beneficial ownership of the securities in the Suzanne A. Hoover Trust.
(5) Shares exercisable beginning one year after grant in 25% increments and thereafter annually upon the anniversary of the date of the grant of the stock option.

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