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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1. Name and Address of Reporting Person * Mandelbaum Josef   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) CEO-AG Intellectual Properties (Last) (First) (Middle) ONE AMERICAN ROAD 3. Date of Earliest Transaction (Month/Day/Year) 05/03/2010 (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 05/03/2010   A   2,800 (1) A $ 0 20,800 D   Class A Common Shares 05/03/2010   M   11,000 A $ 7.73 31,800 D   Class A Common Shares 05/03/2010   S   22,000 D $ 24.276 (2) 9,800 D   Class A Common Shares 05/03/2010   M   11,000 A $ 18.12 20,800 D

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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

$ 24.69

05/03/2010

A

11,000

(3)

05/03/2020

Class A Common Shares

11,000

$ 0

11,000

D

Stock Option

$ 7.73

05/03/2010

M

11,000

(4)

05/01/2019

Class A Common Shares

11,000

$ 0

11,000

D

Stock Option

$ 18.12

05/03/2010

M

11,000

(5)

05/01/2018

Class A Common Shares

11,000

$ 0

0

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Mandelbaum Josef ONE AMERICAN ROAD CLEVELAND, OH 44144			CEO-AG Intellectual Properties

Signatures

Catherine M. Kilbane, Power of Attorney for Josef Mandelbaum		05/05/2010
**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)	Represents restricted stock units granted to the reporting person on May 3, 2010. The restricted stock units will vest and shares will be issued in equal amounts on the first and second anniversaries of the date of grant, based on the continued employment of the reporting person.
(2)	The price reported in Column 4 is a weighted average price for shares sold on May 3, 2010, with prices ranging from $24.12 to $24.52, 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. Transaction was made pursuant to the reporting person's 10b5-1 Plan.
(3)	This option will vest equally on each of the first and second anniversaries of the grant date.
(4)	This option became exercisable with respect to 11,000 shares May 1, 2010, and will become exercisable with respect to 11,000 shares on May 1, 2011.
(5)	This option became exercisable with respect to 11,000 shares on each of May 1, 2009 and May 1, 2010.

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