Form 4 WEISS JEFFREY M For: Oct 12 (10K)

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

WEISS JEFFREY M

(Last)

(First)

(Middle)

ONE AMERICAN ROAD

(Street)

CLEVELAND

44144

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
AMERICAN GREETINGS CORP [AM]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	X	10% Owner
X	Officer (give title below)		Other (specify below)
President and C.O.O.

3. Date of Earliest Transaction (Month/Day/Year)
10/12/2009

4. 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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Class B Common Shares	10/13/2009		D		45,269 ⁽¹⁾	D	$ 23.19	12,213	D
Class A Common Shares	10/12/2009		M		5,000	A	$ 13.15	5,000	D
Class A Common Shares	10/12/2009		S		5,000	D	$ 23.19	0	D
Class A Common Shares	10/13/2009		M		20,000	A	$ 13.15	20,000	D
Class A Common Shares	10/13/2009		S		20,000	D	$ 23.148 ⁽²⁾	0	D
Class A Common Shares								3,515.399 ⁽³⁾	I	by Profit Shar. Plan
Class A Common Shares								14.536 ⁽⁴⁾	I	by Daughter
Class B Common Shares								55,620.574 ⁽⁵⁾	I	by Deferred Comp.
Class B Common Shares								445,454	I	By LLC ⁽⁶⁾

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security
(Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code
(Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date
(Month/Day/Year)

7. Title and Amount of Underlying Securities
(Instr. 3 and 4)

8. Price of Derivative Security
(Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Option

$ 13.15

10/12/2009

5,000

03/03/2006

03/03/2013

Class A Common Shares

5,000

$ 0

20,000

Stock Option

$ 13.15

10/13/2009

20,000

03/03/2006

03/03/2013

Class A Common Shares

20,000

$ 0

Explanation of Responses:

1. The shares were sold to American Greetings Corporation in accordance with its Amended and Restated Articles of Incorporation.

2. The price reported in Column 4 is a weighted average price for shares sold on 10/13/09 with prices ranging from $23.09 to $23.31, inclusive. The reporting person undertakes to provide to American Greetings Corporation, any security holder thereof, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote.

3. Represents Class A common shares allocated to the Reporting Person's account in the American Greetings Retirement Profit Sharing and Savings Plan reflecting the Reporting Person's interest in common shares held in such plan.

4. These shares, and any increases resulting from participation in the American Greetings Dividend Reinvestment Program, are in the name of the reporting person's minor child and may be deemed to be beneficially owned by the reporting person.

5. Represents the number of shares allocated to the account of the reporting person under the Corporation's Executive Officers Deferred Compensation Plan, including dividend equivalents credited with respect to any dividends paid on issuer's common shares.

6. On August 11, 2006, the Reporting Person acquired membership interests in the Irving I. Stone Limited Liability Company (the "LLC") representing 24.5% of the equity in the LLC. As a result of such acquisition, the Reporting Person may be deemed to have an indirect beneficial ownership interest in 445,454 of the 1,818,182 Class B common shares owned by the LLC.

	Catherine M. Kilbane, Power of Attorney for Jeffrey Weiss	10/14/2009
	** 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 4(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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