GREIF, INC — Director's Dealing 2007

Jun 19, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GREIF INC (GEF,GEF.B)
CIK: 0000043920
Period of Report: 2007-06-18

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-06-18	Class A Common Stock	M	2000	$24.065	Acquired	2658	Direct
2007-06-18	Class A Common Stock	S	2000	$59.68	Disposed	658	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-06-18	Class A Common Stock Options	$24.065	M	2000	Disposed	2014-12-04	Class A Common Stock (2000)	Direct

Footnotes

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