GREIF, INC — Director's Dealing 2006

Jan 11, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GREIF INC (GEF,GEF.B)
CIK: 0000043920
Period of Report: 2006-01-11

Reporting Person: YOUNG ROBERT A (VP and Director of Taxes)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-01-11	Class A Common Stock	M	500	$25.43	Acquired	500	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-01-11	Class A Common Stock Options	$25.43	M	500	Disposed	2013-09-09	Class A Common Stock (500)	Direct