GREIF, INC — Director's Dealing 2009

Feb 25, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GREIF INC (GEF,GEF.B)
CIK: 0000043920
Period of Report: 2008-03-25

Reporting Person: HOOK JUDITH D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-02-23	Class A Common Stock	A	2071	$28.96	Acquired	16407	Direct
2008-03-25	Class B Common Stock	G	17000	$0.00	Disposed	0	Direct
2008-03-25	Class B Common Stock	G	17000	$0.00	Acquired	0	Indirect
2008-10-03	Class B Common Stock	G	8567	$0.00	Acquired	0	Direct
2008-10-03	Class B Common Stock	G	8567	$0.00	Disposed	0	Indirect
2008-10-03	Class B Common Stock	G	20000	$0.00	Disposed	0	Direct
2008-10-03	Class B Common Stock	G	20000	$0.00	Acquired	0	Indirect
2008-12-23	Class B Common Stock	G	650	$0.00	Disposed	729849	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	48433	Indirect

Footnotes

F1: The shares are subject to restriction until the earlier of February 23, 2012, or the reporting person's retirement from the Board.

F2: 5,539 shares are subject to restriction on transfer.

F3: Transaction reflects gift by Judith D. Hook to a granter retained annuity trust of which Judith D. Hook is the trustee.

F4: See footnote number 7 below for securities owned directly by Judith D. Hook after reported transactions.

F5: See footnote number 8 below for securities owned after reported transactions by grantor retained annuity trusts of which Ms. Hook is the trustee.

F6: Gift to the reporting person's child.

F7: Securities owned directly by Judith D. Hook after reported transactions.

F8: By grantor retained annuity trusts of which Judith D. Hook is trustee.