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: 2005-04-04

Reporting Person: Patton Michael C (SR VP-Transformation Worldwide)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-04-04	Class A Common Stock	M	5000	$29.875	Acquired	5000	Direct
2005-04-04	Class A Common Stock	M	6000	$30.59	Acquired	11000	Direct
2005-04-04	Class A Common Stock	S	5000	$72.00	Disposed	6000	Direct
2005-04-04	Class A Common Stock	S	6000	$72.501	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-04-04	Class A Common Stock Options	$29.875	M	5000	Disposed	2010-02-28	Class A Common Stock (5000)	Direct
2005-04-04	Class A Common Stock Options	$30.59	M	6000	Disposed	2011-09-05	Class A Common Stock (6000)	Direct

Footnotes

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