COLGATE PALMOLIVE CO — Director's Dealing 2003

Dec 15, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COLGATE PALMOLIVE CO (CL)
CIK: 0000021665
Period of Report: 2003-12-11

Reporting Person: MARTIN RONALD T (VP, Global Bus Prac & Publ Aff)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-12-11	Common Stock	A	2000	—	Acquired	8428	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-12-11	Stock Option (Right to Buy)	$52.675	A	20000	Acquired	2009-12-11	Common Stock (20000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	966	Indirect

Footnotes

F1: Restricted stock award granted under the issuer's Executive Incentive Compensation Plan

F2: Stock option granted under the issuer's employee stock option plan.

F3: Option becomes exercisable in one-third increments on each anniversary date, with the first third becoming exercisable on the date shown in this column.