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: 2006-01-10

Reporting Person: Andre Kenneth B III (VP, CIO & Corp. Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-01-10	Class A Common Stock	M	1000	$25.43	Acquired	1000	Direct
2006-01-10	Class A Common Stock	S	1000	$63.43	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-01-10	Class A Common Stock Options	$25.43	M	1000	Disposed	2013-09-09	Class A Common Stock (1000)	Direct

Footnotes

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