GREIF, INC — Director's Dealing 2011

Mar 1, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GREIF INC (GEF,GEF.B)
CIK: 0000043920
Period of Report: 2011-02-27

Reporting Person: AVRIL VICKI L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-28	Class A Common Stock	A	1393	$64.59	Acquired	8742	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-27	Phantom Stock Units (Cash Only Rights)	$64.59	A	11.61	Acquired	1988-08-08	Class A Common Stock (11.61)	Direct
2011-02-28	Phantom Stock Units (Cash Only Rights)	$64.66	A	119.86	Acquired	1988-08-08	Class A Common Stock (119.86)	Direct

Footnotes

F1: The shares are subject to restriction until the earlier of February 28, 2014, or the reporting person's retirement from the Board.

F2: 5,274 shares are subject to restriction on transfer.

F3: The units are to be settled in cash upon the reporting person's termination from the Board due to her retirement, death, disability or other reason.