GREIF, INC — Director's Dealing 2008

Feb 27, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GREIF INC (GEF,GEF.B)
CIK: 0000043920
Period of Report: 2008-02-25

Reporting Person: HOOK JUDITH D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-02-25	Class A Common Stock	A	958	$62.58	Acquired	14336	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	758932	Direct
Class B Common Stock	20000	Indirect

Footnotes

F1: The shares are subject to restriction until the earlier of February 25, 2011, or the reporting person's retirement from the Board.

F2: 3,468 shares are subject to restriction on transfer.

F3: By grantor retained annuity trust of which Judith D. Hook is the trustee.