GREIF, INC — Director's Dealing 2003

Oct 10, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GREIF INC (GEF,GEF.B)
CIK: 0000043920
Period of Report: 2003-10-09

Reporting Person: DEMPSEY MICHAEL H (Director, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-10-09	Class B Common Stock	D	1400	$0.00	Disposed	6050839	Direct

Footnotes

F1: The number of shares is owned directly as follows: (a) 5,375,904 shares are owned by the Naomi C. Dempsey Trust; (b) 114,775 shares are owned by the Naomi C. Dempsey Charitable Lead Annuity Trust; and (c) 62,500 shares are owned by the John C. Dempsey Trust. Mr. Dempsey also owns 497,660 shares directly.

F2: Distribution by the Naomi C. Dempsey Charitable Lead Annuity Trust.