GREIF, INC - Director's Dealing 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GREIF INC (GEF,GEF.B)
CIK: 0000043920
Period of Report: 2009-02-22

Reporting Person: AVRIL VICKI L (Director)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-02-23	Class A Common Stock	A	2071	$28.96	Acquired	5539	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-02-22	Phantom Stock Units (Cash Only Rights)	$28.96	A	25.90	Acquired	1988-08-08	Class A Common Stock (25.90)	Direct
2009-02-23	Phantom Stock Units (Cash Only Rights)	$27.40	A	282.84	Acquired	1988-08-08	Class A Common Stock (282.84)	Direct

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

F2: Shares are subject to restriction on transfer.

F3: The units are to be settled in cash upon the reporting person's retirement from the Board.