Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
KILBANE CATHERINE M
  2. Issuer Name and Ticker or Trading Symbol
AMERICAN GREETINGS CORP [AM]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
SVP, Gen. Counsel, Secretary
(Last)
(First)
(Middle)
ONE AMERICAN ROAD
3. Date of Earliest Transaction (Month/Day/Year)
05/11/2010
(Street)

CLEVELAND, OH 44144
4. If Amendment, Date 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
(City)
(State)
(Zip)
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)
Code V Amount (A) or (D) Price
Class A Common Shares 05/11/2010   M   4,400 A $ 7.73 25,200 D  
Class A Common Shares 05/11/2010   S   4,400 (1) D $ 24.75 20,800 D  
Class A Common Shares 05/12/2010   M   3,700 A $ 7.73 24,500 D  
Class A Common Shares 05/12/2010   M   22,000 A $ 18.12 46,500 D  
Class A Common Shares 05/12/2010   M   22,000 A $ 22.65 68,500 D  
Class A Common Shares 05/12/2010   M   22,000 A $ 20.51 90,500 D  
Class A Common Shares 05/12/2010   M   20,000 A $ 21.03 110,500 D  
Class A Common Shares 05/12/2010   S   89,700 (1) D $ 24.81 (2) 20,800 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option $ 21.03 05/12/2010   M     20,000 10/27/2004 10/27/2013 Class A Common Shares 20,000 $ 21.03 0 D  
Stock Option $ 20.51 05/12/2010   M     22,000 05/03/2005 05/03/2014 Class A Common Shares 22,000 $ 0 0 D  
Stock Option $ 22.65 05/12/2010   M     22,000 05/15/2007 05/15/2016 Class A Common Shares 22,000 $ 0 0 D  
Stock Option $ 18.12 05/12/2010   M     22,000 05/01/2010 05/01/2018 Class A Common Shares 22,000 $ 0 0 D  
Stock Option $ 7.73 05/11/2010   M     4,400   (3) 05/01/2019 Class A Common Shares 4,400 $ 0 17,450 D  
Stock Option $ 7.73 05/12/2010   M     3,700   (3) 05/01/2019 Class A Common Shares 3,700 $ 0 13,750 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
KILBANE CATHERINE M
ONE AMERICAN ROAD
CLEVELAND, OH 44144
      SVP, Gen. Counsel, Secretary  

Signatures

 Catherine M. Kilbane   05/13/2010
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Transaction was made pursuant to the reporting person's 10b5-1 Plan.
(2) The price reported in Column 4 is a weighted average price for shares sold on May 12, 2010, with prices ranging from $24.75 to $24.98, 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) This option became exercisable with respect to 13,750 shares on May 1, 2010, and will become exercisable with respect to 13,750 shares on May 1, 2011.

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