GREIF, INC — Director's Dealing 2004

Jun 24, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GREIF INC (GEF,GEF.B)
CIK: 0000043920
Period of Report: 2004-06-23

Reporting Person: DIEKER JOHN K (VP and Corporate Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-06-23	Class A Common Stock	M	700	$29.625	Acquired	900	Direct
2004-06-23	Class A Common Stock	S	700	$40.00	Disposed	200	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-06-23	Class A Common Stock	$29.625	M	700	Disposed	2006-09-05	Class A Common Stock (700)	Direct