GRIFFON CORP — Director's Dealing 2004

Nov 12, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: GRIFFON CORP (GFF)
CIK: 0000050725
Period of Report: 2004-11-09

Reporting Person: ALESIA PATRICK (Vice President & Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-11-09	Common Stock, Par Value $.25 per share	M	27500	$9.09	Acquired	55795	Direct
2004-11-09	Common Stock, Par Value $.25 per share	M	22000	$6.82	Acquired	77795	Direct
2004-11-09	Common Stock, Par Value $.25 per share	F	31048	$24.75	Disposed	46747	Direct
2004-11-09	Common Stock, Par Value $.25 per share	S	2000	$24.89	Disposed	44747	Direct
2004-11-09	Common Stock, Par Value $.25 per share	S	5000	$24.90	Disposed	39747	Direct
2004-11-09	Common Stock, Par Value $.25 per share	S	3000	$24.95	Disposed	36747	Direct
2004-11-10	Common Stock, Par Value $.25 per share	M	16500	$12.2727	Acquired	53247	Direct
2004-11-10	Common Stock, Par Value $.25 per share	F	11869	$24.90	Disposed	41378	Direct
2004-11-10	Common Stock, Par Value $.25 per share	S	4500	$24.60	Disposed	36878	Direct
2004-11-10	Common Stock, Par Value $.25 per share	S	5500	$24.65	Disposed	31378	Direct
2004-11-10	Common Stock, Par Value $.25 per share	S	2000	$24.55	Disposed	29378	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-11-09	1998 Employee & Director Stock Option Plan	$9.0909	M	27500	Disposed	2009-02-03	Common Stock (27500)	Direct
2004-11-09	1998 Employee & Director Stock Option Plan	$6.818	M	22000	Disposed	2010-11-10	Common Stock (22000)	Direct
2004-11-10	1997 Stock Option Plan	$12.2727	M	16500	Disposed	2007-02-05	Common Stock (16500)	Direct