GREIF, INC — Director's Dealing 2012

Apr 3, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GREIF INC (GEF,GEF.B)
CIK: 0000043920
Period of Report: 2012-04-02

Reporting Person: WATSON PETER G (VP-Div Pres Paper Packaging)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-04-02	Class A Common Stock	M	3000	$12.715	Acquired	11794	Direct
2012-04-02	Class A Common Stock	S	3000	$56.00	Disposed	8794	Direct
2012-04-02	Class A Common Stock	M	2000	$24.065	Acquired	10794	Direct
2012-04-02	Class A Common Stock	S	2000	$56.00	Disposed	8794	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-04-02	Class A Common Stock Options	$12.715	M	3000	Disposed	2013-09-09	Class A Common Stock (3000)	Direct
2012-04-02	Class A Common Stock Options	$24.065	M	2000	Disposed	2014-12-06	Class A Common Stock (2000)	Direct

Footnotes

F1: The reporting person does not own any Greif Class A Common Stock options.