GREIF, INC — Director's Dealing 2005

Apr 5, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GREIF INC (GEF,GEF.B)
CIK: 0000043920
Period of Report: 2005-04-05

Reporting Person: MAXWELL SHARON R (Assistant Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-04-05	Class A Common Stock	M	1000	$24.25	Acquired	1000	Direct
2005-04-05	Class A Common Stock	S	1000	$73.40	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-04-05	Class A Common Stock Options	$24.25	M	1000	Disposed	2009-09-01	Class A Common Stock (1000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	100	Direct

Footnotes

F1: The reporting person does not own any Greif Class A Common Stock.