GREIF, INC — Director's Dealing 2011

Jan 12, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GREIF INC (GEF, GEF-B)
CIK: 0000043920
Period of Report: 2011-01-05

Reporting Person: Ragan Virginia D. (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-05	Greif Inc. Class B Common Stock	G	84369	—	Acquired	0	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Greif Inc. - Class B Common Stock	23334	Indirect
Greif Inc. - Class B Common Stock	2127026	Indirect
Greif Inc. - Class B Common Stock	3316914	Direct

Footnotes

F1: On January 5, 2011, grantor retained annuity trusts for the benefit of the reporting person and her adult children made distribution of 84,369 shares of Class B Common Stock to the reporting person's children and 109,905 shares of Class B Common Stock to the reporting person. The shares distributed to the reporting person are reported in this Form 4 as directly owned by the reporting person.