GREIF, INC — Director's Dealing 2003

Jul 23, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GREIF INC (GEF,GEF.B)
CIK: 0000043920
Period of Report: 2003-07-14

Reporting Person: DEMPSEY NAOMI C (10% Owner)

Footnotes

F1: The reporting person died on July 14, 2003. At the time of her death, all of the reporting person's shares of Class B Common Stock of Greif, Inc. was owned by the Naomi C. Dempsey Trust (the "NCD Trust"). During her lifetime, the reporting person was the trustee of, and retained the right to revoke, the NCD Trust. Therefore, the reporting person reported these shares as being directly owned by her. At Ms. Dempsey's death, Michael H. Dempsey automatically became the successor trustee of the NCD Trust.