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GREIF, INC Director's Dealing 2008

Apr 7, 2008

31415_dirs_2008-04-07_e6e434e8-ff13-4522-a4cf-69611272ded3.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GREIF INC (GEF,GEF.B)
CIK: 0000043920
Period of Report: 2008-04-04

Reporting Person: MARTZ GARY R (Senior VP & General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-04-04	Class A Common Stock	M	8000	$13.10	Acquired	22159	Direct
2008-04-04	Class A Common Stock	S	8000	$70.94	Disposed	14159	Direct
2008-04-04	Class A Common Stock	M	1136	$12.715	Acquired	15295	Direct
2008-04-04	Class A Common Stock	S	1136	$70.94	Disposed	14159	Direct
2008-04-04	Class A Common Stock	M	864	$16.475	Acquired	15023	Direct
2008-04-04	Class A Common Stock	S	864	$70.94	Disposed	14159	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-04-04	Class A Common Stock Options	$13.10	M	8000	Disposed	2012-09-05	Class A Common Stock (8000)	Direct
2008-04-04	Class A Common Stock Options	$12.715	M	1136	Disposed	2013-09-09	Class A Common Stock (1136)	Direct
2008-04-04	Class A Common Stock Options	$16.475	M	864	Disposed	2012-01-01	Class A Common Stock (864)	Direct