GREIF, INC — Director's Dealing 2007

Sep 12, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GREIF INC (GEF,GEF.B)
CIK: 0000043920
Period of Report: 2007-09-10

Reporting Person: HUML DONALD S (Executive VP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-09-10	Class A Common Stock	M	7633	$13.10	Acquired	23373	Direct
2007-09-10	Class A Common Stock	M	7864	$12.715	Acquired	31237	Direct
2007-09-10	Class A Common Stock	M	4155	$24.065	Acquired	35392	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-09-10	Class A Common Stock Options	$13.10	M	7633	Disposed	2012-09-05	Class A Common Stock (7633)	Direct
2007-09-10	Class A Common Stock Options	$12.715	M	7864	Disposed	2013-09-09	Class A Common Stock (7864)	Direct
2007-09-10	Class A Common Stock Options	$24.065	M	4155	Disposed	2014-12-03	Class A Common Stock (4155)	Direct