-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 JVDhaTE5/dIYQiacuOTycmzYNn72dUehfBXz5ybwCWKky2aveQX4XSkpcf+XUvD8
 eSEGGewnA0Opjkdevr2h7Q==

<SEC-DOCUMENT>0001181431-07-016831.txt : 20070305
<SEC-HEADER>0001181431-07-016831.hdr.sgml : 20070305
<ACCEPTANCE-DATETIME>20070305144930
ACCESSION NUMBER:		0001181431-07-016831
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20070228
FILED AS OF DATE:		20070305
DATE AS OF CHANGE:		20070305

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GREYSTONE LOGISTICS, INC.
		CENTRAL INDEX KEY:			0001088413
		STANDARD INDUSTRIAL CLASSIFICATION:	SPECIAL INDUSTRY MACHINERY, NEC [3559]
		IRS NUMBER:				752954680
		FISCAL YEAR END:			0531

	BUSINESS ADDRESS:	
		STREET 1:		1613 EAST 15TH STREET
		CITY:			TULSA
		STATE:			OK
		ZIP:			74120
		BUSINESS PHONE:		918-583-7441

	MAIL ADDRESS:	
		STREET 1:		1613 EAST 15TH STREET
		CITY:			TULSA
		STATE:			OK
		ZIP:			74120

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PALWEB CORP
		DATE OF NAME CHANGE:	19990610

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			KRUGER WARREN F
		CENTRAL INDEX KEY:			0001261715

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-26331
		FILM NUMBER:		07670839

	BUSINESS ADDRESS:	
		STREET 1:		1613 EAST 15TH ST
		CITY:			TULSA
		STATE:			OK
		ZIP:			74120
		BUSINESS PHONE:		9185887441
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>rrd150015.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2007-02-28</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001088413</issuerCik>
        <issuerName>GREYSTONE LOGISTICS, INC.</issuerName>
        <issuerTradingSymbol>GLGI</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001261715</rptOwnerCik>
            <rptOwnerName>KRUGER WARREN F</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1613 EAST 15TH STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>TULSA</rptOwnerCity>
            <rptOwnerState>OK</rptOwnerState>
            <rptOwnerZipCode>74120</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>CEO and President</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>6532233</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2007-02-28</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>15000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>.14</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>74500</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By immediate family members sharing the same household.</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>19000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Yorktown Management and Financial Services, L.L.C.</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">Reporting Person disclaims beneficial ownership of these shares.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Warren F. Kruger</signatureName>
        <signatureDate>2007-03-05</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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