-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 AN0xttNkZIBJHYbI/xfgW/luLw8P6aiwc9fE1ukgG5sk+guR8cptBSCmsUEQjK4Y
 oNewKECfKwJaNZLL0Cybgw==

<SEC-DOCUMENT>0001181431-03-022748.txt : 20030911
<SEC-HEADER>0001181431-03-022748.hdr.sgml : 20030911
<ACCEPTANCE-DATETIME>20030911094134
ACCESSION NUMBER:		0001181431-03-022748
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030909
FILED AS OF DATE:		20030911

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GREIF INC
		CENTRAL INDEX KEY:			0000043920
		STANDARD INDUSTRIAL CLASSIFICATION:	PAPERBOARD CONTAINERS & BOXES [2650]
		IRS NUMBER:				314388903
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1031

	BUSINESS ADDRESS:	
		STREET 1:		425 WINTER ROAD
		CITY:			DELAWARE
		STATE:			OH
		ZIP:			43015
		BUSINESS PHONE:		7405496000

	MAIL ADDRESS:	
		STREET 1:		425 WINTER ROAD
		CITY:			DELAWARE
		STATE:			OH
		ZIP:			43015

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GREIF BROTHERS CORP
		DATE OF NAME CHANGE:	19920703

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	GREIF BROTHERS COOPERAGE CORP
		DATE OF NAME CHANGE:	19690820

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			DEMPSEY MICHAEL H
		CENTRAL INDEX KEY:			0001219095

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-00566
		FILM NUMBER:		03891013

	BUSINESS ADDRESS:	
		STREET 1:		2240 EXCIMITAS BLVD STE 403
		CITY:			EXCIMITAS
		STATE:			CA
		ZIP:			92024
		BUSINESS PHONE:		8587563170

	MAIL ADDRESS:	
		STREET 1:		782 WEST ORANGE ROAD
		CITY:			DELAWARE
		STATE:			OH
		ZIP:			43015

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			COYLE NAOMI A TRUST
		CENTRAL INDEX KEY:			0001219098

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-00566
		FILM NUMBER:		03891012

	BUSINESS ADDRESS:	
		STREET 1:		C/O MICAHEL A DEMPSEY TRUSTEE
		STREET 2:		2240 E BLVD STE D-403
		CITY:			EXCIMITAS
		STATE:			CA
		ZIP:			92024
		BUSINESS PHONE:		8587563170

	MAIL ADDRESS:	
		STREET 1:		C/O MICHAEL H DEMPSEY TRUSTEE
		STREET 2:		2240 EXEINICTAS BLVD STE D-403
		CITY:			EXEINICITAS
		STATE:			CA
		ZIP:			92024
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd18222.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?><ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>4</documentType><periodOfReport>2003-09-09</periodOfReport><notSubjectToSection16>0</notSubjectToSection16>
    <issuer>
        <issuerCik>0000043920</issuerCik>
        <issuerName>GREIF INC</issuerName>
        <issuerTradingSymbol>GEF,GEF.B</issuerTradingSymbol></issuer><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001219095</rptOwnerCik>
            <rptOwnerName>DEMPSEY MICHAEL H</rptOwnerName>
        </reportingOwnerId>
<reportingOwnerAddress><rptOwnerStreet1>425 Winter Road</rptOwnerStreet1><rptOwnerCity>Delaware</rptOwnerCity><rptOwnerState>OH</rptOwnerState><rptOwnerZipCode>43015</rptOwnerZipCode></reportingOwnerAddress><reportingOwnerRelationship><isDirector>1</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>1</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001219098</rptOwnerCik>
            <rptOwnerName>COYLE NAOMI A TRUST</rptOwnerName>
        </reportingOwnerId>
<reportingOwnerAddress/>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O MICHAEL H DEMPSEY TRUSTEE</rptOwnerStreet1>
            <rptOwnerStreet2>2240 EXEINICTAS BLVD STE D-403</rptOwnerStreet2>
            <rptOwnerCity>EXEINICITAS</rptOwnerCity>
            <rptOwnerState>CA</rptOwnerState>
            <rptOwnerZipCode>92024</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
<isDirector>0</isDirector><isOfficer>0</isOfficer><isTenPercentOwner>1</isTenPercentOwner><isOther>0</isOther></reportingOwnerRelationship></reportingOwner><nonDerivativeTable><nonDerivativeTransaction><securityTitle><value>Class B Common Stock</value></securityTitle><transactionDate><value>2003-09-09</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>G</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>1663040</value></transactionShares><transactionPricePerShare><value>0.00</value><footnoteId id="F1"/></transactionPricePerShare><transactionAcquiredDisposedCode><value>D</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>5899631</value><footnoteId id="F2"/></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value><footnoteId id="F2"/></directOrIndire
ctOwnership><natureOfOwnership><value>In trust.</value><footnoteId id="F2"/></natureOfOwnership></ownershipNature></nonDerivativeTransaction><nonDerivativeTransaction><securityTitle><value>Class B Common Stock</value></securityTitle><transactionDate><value>2003-09-09</value></transactionDate><transactionCoding><transactionFormType>4</transactionFormType><transactionCode>G</transactionCode><equitySwapInvolved>0</equitySwapInvolved></transactionCoding><transactionAmounts><transactionShares><value>332608</value></transactionShares><transactionPricePerShare><value>0.00</value><footnoteId id="F4"/></transactionPricePerShare><transactionAcquiredDisposedCode><value>A</value></transactionAcquiredDisposedCode></transactionAmounts><postTransactionAmounts><sharesOwnedFollowingTransaction><value>6232239</value><footnoteId id="F3"/></sharesOwnedFollowingTransaction></postTransactionAmounts><ownershipNature><directOrIndirectOwnership><value>I</value><footnoteId id="F3"/></directOrIndirectOwnership><natureOfOwnership><valu
e>In trust.</value><footnoteId id="F3"/></natureOfOwnership></ownershipNature></nonDerivativeTransaction></nonDerivativeTable><footnotes><footnote id="F1">Liquidating distribution from Naomi A. Coyle trust to all beneficiaries. Prior to the distribution, this trust was a greater than 10% stockholder of Greif, Inc.  After the distribution, the trust did not hold any securities of Greif, Inc.</footnote><footnote id="F2">The numbr of shares is owned indirectly as follows:  (a) 5,375,904 shares are owned by the Naomi C. Dempsey Trust; (b) 116,175 shares are owned by the Naomi C. Dempsey Charitable Lead Annuity Trust; and (c) 278,500 shares are owned by the John C. Dempsey Trust.  Mr. Dempsey is the trustee of each of these trusts. Mr. Dempsey also owns 129,052 shares directly.</footnote><footnote id="F3">The number of shares is owned indirectly as follows:  (a) 5,375,904 shares are owned by the Naomi C. Dempsey Trust; (b) 116,175 shares are owned by the Naomi C. Dempsey Charitable Lead Annuity Trust; and (c) 278
,500 shares are owned by the John C. Dempsey Trust.  Mr. Dempsey is the trustee of each of these trusts.  Mr. Dempsey also owns 461,660 shares directly.</footnote><footnote id="F4">Receipt of distribution from Naomi A. Coyle trust as beneficiary.</footnote></footnotes><ownerSignature><signatureName>Michael H. Dempsey by John K. Dieker pursuant to a Power of Attorney filed with the Commission</signatureName><signatureDate>2003-09-10</signatureDate></ownerSignature></ownershipDocument>



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