GREIF, INC — Director's Dealing 2004

Nov 2, 2004

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: GREIF INC (GEF,GEF.B)
CIK: 0000043920
Period of Report: 2004-11-01

Reporting Person: Brown Ronald L (SR VP-Global Sourcing/Sply Chn)

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	0	Direct
Class B Common Stock	700	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Class A Common Stock Options (Right to Buy)	$10000	2007-09-03	Class A Common Stock (10000)		Direct
Class A Common Stock Options (Right to Buy)	$15000	2008-09-02	Class A Common Stock (5000)		Direct
Class A Common Stock Options (Right to Buy)	$19000	2009-09-01	Class A Common Stock (4000)		Direct
Class A Common Stock Options (Right to Buy)	$24000	2010-09-06	Class A Common Stock (5000)		Direct
Class A Common Stock Options (Right to Buy)	$31000	2011-09-05	Class A Common Stock (7000)		Direct
Class A Common Stock Options (Right to Buy)	$39000	2012-09-05	Class A Common Stock (8000)		Direct
Class A Common Stock Options (Right to Buy)	$41000	2013-09-09	Class A Common Stock (2000)		Direct

Footnotes

F1: The reporting person does not own any Greif Class A Common Stock.