GREIF, INC — Director's Dealing 2005

Dec 28, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GREIF INC (GEF,GEF.B)
CIK: 0000043920
Period of Report: 2005-12-27

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-12-27	Class A Common Stock	M	1500	$26.20	Acquired	3500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-12-27	Class A Common Stock Options	$26.20	M	1500	Disposed	2012-09-05	Class A Common Stock (1500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	200	Direct