GREENE COUNTY BANCORP INC — Director's Dealing 2004

Nov 22, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GREENE COUNTY BANCORP INC (GCBC)
CIK: 0001070524
Period of Report: 2004-11-18

Reporting Person: NELSON STEPHEN E (Vice President - Lending)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-11-18	Common Stock	M	800	$7.875	Acquired	5456	Direct
2004-11-18	Common Stock	S	800	$30.425	Disposed	4656	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-11-18	Stock Options	$7.875	M	800	Disposed	2010-03-28	Common Stock (800)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	411	Indirect

Footnotes

F1: Includes shares granted under an Employee Stock Ownership Plan (ESOP)