GREIF, INC — Director's Dealing 2004

Feb 18, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GREIF INC (GEF,GEF.B)
CIK: 0000043920
Period of Report: 2004-01-12

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-01-12	Class B Common Stock	G	1250	$0.00	Disposed	113525	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	874	Direct
Class B Common Stock	508077	Direct
Class B Common Stock	5375904	Indirect

Footnotes

F1: Distribution by the Naomi C. Dempsey Charitable Lead Annuity Trust

F2: Michael H. Dempsey is the trustee of the Naomi C. Dempsey Charitable Lead Annuity Trust.

F3: Michael H. Dempsey is the trustee of the Naomi C. Dempsey trust.