GREIF, INC — Director's Dealing 2008

Jan 10, 2008

SEC Form 4/A — Form 4/A

Issuer: GREIF INC (GEF,GEF.B)
CIK: 0000043920
Period of Report: 2008-01-10

Reporting Person: SPARKS WILLIAM B JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-12-27	Class A Common Stock	M	7042	$13.10	Acquired	28909	Direct
2007-12-27	Class A Common Stock	S	5545	$67.23	Disposed	23364	Direct
2007-12-28	Class A Common Stock	M	8973	$13.10	Acquired	32237	Direct
2007-12-28	Class A Common Stock	S	8973	$67.08	Disposed	23364	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-12-27	Class A Common Stock Options	$13.10	M	7042	Disposed	2012-09-05	Class A Common Stock (7042)	Direct
2007-12-28	Class A Common Stock Options	$13.10	M	8973	Disposed	2012-09-05	Class A Common Stock (8973)	Direct

Footnotes

F1: Due to change in amount of securities sold on 12/24/07 (Form 4A filed on 1/10/08), amount of securities beneficially owned on Form 4 filed on 12/31/07 were incorrect.