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(1)
The vesting schedule for the unexercisable stock options and SARs become exercisable in 25% annual increments on the anniversary of the grant date,
beginning on the first anniversary.
(2)
The vesting schedule for units not yet vested for each NEO is as follows:
Mr. Hayes--4,000 on January 23 in years 2012 and 2013, and 9,000 on March 15 in years 2013 and 2014, and 12,000 on March 15, 2015.
Mr. Morrison--1,800 on June 15 in years 2012 and 2013, and 2,400 on June 15, 2014, and 6,600 on March 15 in years 2013 and 2014, and 8,800 on
March 15, 2015.
Mr. Seabrook--1,116 on March 15 in years 2013 and 2014, and 1,487 on March 15, 2015, and 682 on June 15, 2013, and 683 on June 15, 2014, and 910 on
June 15, 2015.
Mr. Baker--2,400 on March 15 in years 2013 and 2014, and 3,200 on March 15, 2015.
Ms. Pauley--2,700 on March 15 in years 2013 and 2014, and 3,600 on March 15, 2015.
(3)
The market value of shares is based on $35.71, the closing price of Ball Corporation common stock on December 31, 2011.
(4)
The vesting date for the units not yet vested for each NEO is as follows:
Mr. Hayes--42,000 on January 31, 2012, contingent on meeting the performance goal for the period ending December 31, 2011; and 58,000 on
January 31, 2013, contingent on meeting the performance goal for the period ending December 31, 2012; and 46,430 on January 31, 2014,
contingent on meeting the performance goal for the period ending December 31, 2013.
Mr. Morrison--8,000 on January 31, 2012, contingent on meeting the performance goal for the period ending December 31, 2011; and 14,600 on
January 31, 2013, contingent on meeting the performance goal for the period ending December 31, 2012; and 11,000 on January 31, 2014,
contingent on meeting the performance goal for the period ending December 31, 2013.
Mr. Seabrook--29,000 on January 31, 2012, contingent on meeting the performance goal for the period ending December 31, 2011; and 27,000 on
January 31, 2013, contingent on meeting the performance goal for the period ending December 31, 2012; and 23,000 on January 31, 2014,
contingent on meeting the performance goal for the period ending December 31, 2013.
Mr. Baker--12,000 on January 31, 2012, contingent on meeting the performance goal for the period ending December 31, 2011; and 9,600 on January 31,
2013, contingent on meeting the performance goal for the period ending December 31, 2012; and 7,300 on January 31, 2014, contingent on
meeting the performance goal for the period ending December 31, 2013.
Ms. Pauley--6,000 on January 31, 2012, contingent on meeting the performance goal for the period ending December 31, 2011; and 5,200 on January 31,
2013, contingent on meeting the performance goal for the period ending December 31, 2012; and 3,700 on January 31, 2014, contingent on
meeting the performance goal for the period ending December 31, 2013.
Mr. Hoover--112,000 on January 31, 2012, contingent on meeting the performance goal for the period ending December 31, 2011; and 93,000 on
January 31, 2013, contingent on meeting the performance goal for the period ending December 31, 2012.
Mr. Westerlund--26,000 on January 31, 2012, contingent on meeting the performance goal for the period ending December 31, 2011; and 25,000 on
January 31, 2013, contingent on meeting the performance goal for the period ending December 31, 2012; and 19,000 on January 31, 2014,
contingent on meeting the performance goal for the period ending December 31, 2013.
(5)
Represents a grant of stock-settled SARs.
OPTION EXERCISES AND STOCK VESTED IN 2011
The following table summarizes for each NEO the options exercised and the stock awards vested during 2011. The
options that were exercised by each NEO were granted in prior years and became exercisable pursuant to a prescribed
vesting schedule. The value realized on exercise reflects the appreciation in the stock price from the option base price
on grant date to the exercise date and is reported on a before-tax basis. The shares acquired upon vesting for each NEO
were for restricted stock/units granted in prior years that vested pursuant to a prescribed vesting schedule. The value
realized reflects the closing stock price on the vesting date and is also reported on a before-tax basis. NEOs can defer
the receipt of units of certain awards into the Ball Corporation 2005 Deferred Compensation Company Stock Plan,
pursuant to which distributions may take place no earlier than the participant's separation from service. Information
regarding the 2005 Deferred Compensation Company Stock Plan is provided in the ``Non-Qualified Deferred Compen-
sation'' section that follows. Footnotes are provided to detail circumstances when amounts realized upon vesting were
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