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: 2009-02-23

Reporting Person: DEMPSEY MICHAEL H (Director, 10% Owner)

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	7287	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	4698	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: Shares are held in family trusts. Michael H. Dempsey is the trustee of these family trusts.