GREIF, INC - Director's Dealing 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GREIF INC (GEF,GEF.B)
CIK: 0000043920
Period of Report: 2007-10-05

Reporting Person: Brown Ronald L (SR VP-Global Sourcing/Sply Chn)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-10-05	Class A Common Stock	M	6848	$14.594	Acquired	31132	Direct
2007-10-05	Class A Common Stock	S	6848	$62.00	Disposed	24284	Direct
2007-10-05	Class A Common Stock	M	9846	$24.065	Acquired	34130	Direct
2007-10-05	Class A Common Stock	S	9846	$62.00	Disposed	24284	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-10-05	Class A Common Stock Options	$14.594	M	6848	Disposed	2010-09-06	Class A Common Stock (6848)	Direct
2007-10-05	Class A Common Stock Options	$24.065	M	9846	Disposed	2014-12-03	Class A Common Stock (9846)	Direct

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