GREIF, INC — Director's Dealing 2005

Dec 1, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GREIF INC (GEF,GEF.B)
CIK: 0000043920
Period of Report: 2005-11-22

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-11-22	Class B Common Stock	G	372	$0.00	Disposed	507285	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	874	Direct
Class B Common Stock	107660	Indirect
Class B Common Stock	5375904	Indirect
Class A Common Stock	2349	Indirect
Class B Common Stock	792	Indirect

Footnotes

F1: Gift to the Henry C. Dempsey Irrevocable Trust, Shannon Dempsey Trustee.

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.

F4: These shares are held in a trust for the benefit of the reporting person's son. The reporting person's spouse is the Trustee of the trust. The reporting person disclaims beneficial ownership