GREIF, INC — Director's Dealing 2004

Jan 12, 2004

SEC Form 4/A — Form 4/A

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

Reporting Person: GASSER MICHAEL J (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-01-08	Class A Common Stock	M	15000	$26.19	Acquired	20169	Direct
2004-01-08	Class A Common Stock	S	12182	$0.00	Disposed	7987	Direct
2004-01-09	Class A Common Stock	M	15000	$26.19	Acquired	22987	Direct
2004-01-09	Class A Common Stock	S	13000	$0.00	Disposed	9987	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-01-08	Class A Common Stock	$26.19	M	15000	Disposed	2005-04-17	Class A Common Stock (15000)	Direct
2004-01-09	Class A Common Stock	$26.19	M	15000	Disposed	2005-04-17	Class A Common Stock (15000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	11898	Direct

Footnotes

F1: Stock sold within the range of $37.15 - $37.50.