GREIF, INC — Director's Dealing 2010

Nov 9, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GREIF INC (GEF, GEF-B)
CIK: 0000043920
Period of Report: 2010-10-28

Reporting Person: McAlpin Mary T. (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-10-28	Class B Common Stock	G	13519	—	Disposed	0	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Class B Common Stock	23334	Indirect
Class B Common Stock	3380378	Direct

Footnotes

F1: In 2008, the reporting person contributed 32,629 shares of Class B Common Stock to a grantor retained annuity trust (the "GRAT") for the benefit of herself and her adult child. The reporting person was the sole trustee of the GRAT. The GRAT has been terminated, and on October 28, 2010, the GRAT distributed 13,519 shares to the reporting person's adult child as a gift and 19,100 shares to the reporting person in liquidation of the GRAT.