GREIF, INC — Director's Dealing 2005

Jan 10, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GREIF INC (GEF,GEF.B)
CIK: 0000043920
Period of Report: 2005-01-06

Reporting Person: CHANDLER CHARLES R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-01-06	Class A Common Stock	M	15000	$31.75	Acquired	21000	Direct
2005-01-06	Class A Common Stock	S	11000	$55.24	Disposed	10000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-01-06	Class A Common Stock	$31.75	M	15000	Disposed	2008-09-02	Class A Common Stock (15000)	Direct