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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 Pf8i2+8S9fjoKxTbn44Xhn8MnN0asiPcr5cUIoADhJ5Syv/R1sUiKWX0wwKjTIiX
 lm8G7dGXcgcFzb8MaFiwrA==

<SEC-DOCUMENT>0000950103-09-000175.txt : 20090129
<SEC-HEADER>0000950103-09-000175.hdr.sgml : 20090129
<ACCEPTANCE-DATETIME>20090129165210
ACCESSION NUMBER:		0000950103-09-000175
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20090128
FILED AS OF DATE:		20090129
DATE AS OF CHANGE:		20090129

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Ganz Jodi B.
		CENTRAL INDEX KEY:			0001430002

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-32147
		FILM NUMBER:		09554988

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		212-389-1561

	MAIL ADDRESS:	
		STREET 1:		C/O GREENHILL & CO., INC.
		STREET 2:		300 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GREENHILL & CO INC
		CENTRAL INDEX KEY:			0001282977
		STANDARD INDUSTRIAL CLASSIFICATION:	FINANCE SERVICES [6199]
		IRS NUMBER:				510500737
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		300 PARK AVENUE
		STREET 2:		23RD FLOOR
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
		BUSINESS PHONE:		212-389-1500

	MAIL ADDRESS:	
		STREET 1:		300 PARK AVENUE
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10022
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>dp12400_4-ganzex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2009-01-28</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001282977</issuerCik>
        <issuerName>GREENHILL &amp; CO INC</issuerName>
        <issuerTradingSymbol>GHL</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001430002</rptOwnerCik>
            <rptOwnerName>Ganz Jodi B.</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O GREENHILL &amp; CO., INC.</rptOwnerStreet1>
            <rptOwnerStreet2>300 PARK AVENUE</rptOwnerStreet2>
            <rptOwnerCity>NEW YORK</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10022</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>General Counsel</officerTitle>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Restricted Stock Unit</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <footnoteId id="F1"/>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2009-01-28</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1912</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <footnoteId id="F1"/>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>1912</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1912</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">This restricted stock unit award was granted pursuant to the Greenhill &amp; Co., Inc. Equity Incentive Plan. The 1,912 shares of
 Common Stock underlying this restricted stock unit award vest in ratable installments on January 1 of each of the first,
 second, third, fourth and fifth calendar years following the grant date. The restricted stock unit award is subject to
 payment within 75 days following the applicable vesting date. Each unit represents a right to receive one share of Common
 Stock or an amount equal to the market value of the Common Stock underlying the award on the applicable vesting date.
 Payment may be made in cash, shares of Common Stock or a combination thereof.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Jodi B. Ganz</signatureName>
        <signatureDate>2009-01-29</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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