GREIF, INC — Director's Dealing 2007

Feb 28, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GREIF INC (GEF,GEF.B)
CIK: 0000043920
Period of Report: 2007-02-26

Reporting Person: CHANDLER CHARLES R (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-26	Class A Common Stock	A	402	$124.27	Acquired	11255	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	0	Direct

Footnotes

F1: The shares are subject to restriction until the earlier of February 27, 2010, or the reporting person's retirement from the Board.

F2: The reporting person does not own any Greif Class B Common Stock.