GREIF, INC — Director's Dealing 2005

Jun 27, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GREIF INC (GEF,GEF.B)
CIK: 0000043920
Period of Report: 2005-06-24

Reporting Person: MARTZ GARY R (Senior VP & General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-06-24	Class A Common Stock	M	4000	$32.95	Acquired	5421	Direct
2005-06-24	Class A Common Stock	S	4000	$58.60	Disposed	1421	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-06-24	Class A Common Stock Options	$32.95	M	4000	Disposed	2012-01-02	Class A Common Stock (4000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	300	Direct