GREIF, INC — Director's Dealing 2005

Apr 4, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GREIF INC (GEF,GEF.B)
CIK: 0000043920
Period of Report: 2005-04-01

Reporting Person: GASSER MICHAEL J (Director, Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-04-01	Class A Common Stock	M	25000	$29.625	Acquired	33828	Direct
2005-04-01	Class A Common Stock	S	25000	$69.9935	Disposed	8828	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-04-01	Class A Common Stock Options	$29.625	M	25000	Disposed	2006-09-05	Class A Common Stock (25000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	11898	Direct