GREIF, INC — Director's Dealing 2005

Jan 14, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GREIF INC (GEF,GEF.B)
CIK: 0000043920
Period of Report: 2005-01-13

Reporting Person: LILAK JOHN S (Exec. VP & Pres. Soterra LLC)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-01-13	Class A Common Stock	M	1750	$29.188	Acquired	10758	Direct
2005-01-13	Class A Common Stock	M	2000	$24.25	Acquired	12758	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-01-13	Class A Common Stock	$29.188	M	1750	Disposed	2010-09-06	Class A Common Stock (1750)	Direct
2005-01-13	Class A Common Stock	$24.25	M	2000	Disposed	2009-09-01	Class A Common Stock (2000)	Direct