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GREIF, INC Director's Dealing 2003

Sep 29, 2003

31415_dirs_2003-09-29_796229fa-1f3e-4a38-acec-b9fdd277859b.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GREIF INC (GEF,GEF.B)
CIK: 0000043920
Period of Report: 2003-09-26

Reporting Person: DEMPSEY MICHAEL H (10% Owner)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2003-09-26 Class B Common Stock D 216000 Disposed 6016239 Direct
2003-09-26 Class B Common Stock A 36000 Acquired 6052239 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) 116,175 shares shares are owned by the Naomi C. Dempsey Charitable Lead Annuity Trust (the "NCDCLA Trust)); 62,500 shares are owned by the John C. Dempsey Trust. Mr. Dempsey also owns 461,660 shares directly.

F2: Distribution by the John C. Dempsey Trust.

F3: Receipt of distribution from the John C. Dempsey Trust as beneficiary.

F4: The number of shares is owned directly as follows: (a) 5,375,904 shares are owned by the Naomi C. Dempsey Trust, (b) 116,175 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 is the trustee of these strusts. Mr. Dempsey also owns 497,660 shares directly.