SEC FORM 3 SEC Form 3
FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
 
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1. Name and Address of Reporting Person*
Patton Michael C

(Last) (First) (Middle)
425 WINTER ROAD

(Street)
DELAWARE OH 43015

(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
11/01/2004
3. Issuer Name and Ticker or Trading Symbol
GREIF INC [ GEF,GEF.B ]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
SR VP-Transformation Worldwide
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock 0(1) D
Class B Common Stock 0(2) D
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Class A Common Stock Options (Right to Buy) 09/01/2001 09/01/2009 Class A Common Stock 5,000 24.25 D
Class A Common Stock Options (Right to Buy) 09/05/2003 09/05/2011 Class A Common Stock 6,000 30.59 D
Class A Common Stock Options (Right to Buy) 09/05/2004 09/05/2012 Class A Common Stock 7,000 26.2 D
Class A Common Stock Options (Right to Buy) 09/09/2005 09/09/2013 Class A Common Stock 1,750 25.43 D
Explanation of Responses:
1. The reporting person does not own any Greif Class A Common Stock.
2. The reporting person does not own any Greif Class B Common Stock.
Michael C. Patton by John K. Dieker Pursuant to a POA filed with the Commission. 11/02/2004
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
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GREIF, INC.

POWER OF ATTORNEY
FOR
FORMS 3, 4, AND 5 FILINGS


The undersigned, an officer and/or director of Greif, Inc., a Delaware
corporation (the Company), hereby constitutes and appoints Gary R. Martz, John
K. Dieker, and Robert S. Zimmerman, and each of them, my true and lawful
attorneys-in-fact and agents, with full power to act without the other, with
full power of substitution and resubstitution, for me and in my name, place, and
stead, in any and all of my capacities for the Company, to sign all Forms 3, 4,
or 5 required to be filed by me with the Securities and Exchange Commission (the
Commission) pursuant to Section 16(a) of the Securities Exchange Act of 1934 and
the rules and regulations promulgated thereunder, including any and all
amendments to any of the foregoing, relating to the Company, and to file the
same with the Commission, granting unto said attorneys-in-fact and agents, and
each of them, full power and authority to do and perform each and every act and
thing requisite and necessary to be done, as fully to all intents and purposes
as the undersigned might or could do in person, hereby ratifying and confirming
all that said attorneys-in-fact and agents or any of them or their or his
substitute or substitutes may lawfully do or cause to be done by virtue hereof.

	The undersigned has executed and delivered this Power of Attorney on the
date set forth below.


Dated:   10/26/04		/s/ Michael C. Patton
				Signature of Officer/Director


				Michael C. Patton, Senior Vice President Transformation
				Worldwide
				Print Name and Title















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