COLGATE PALMOLIVE CO — Director's Dealing 2006

May 10, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COLGATE PALMOLIVE CO (CL)
CIK: 0000021665
Period of Report: 2006-05-08

Reporting Person: KOGAN RICHARD J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-05-08	Common Stock	M	4000	$26.4844	Acquired	37403	Direct
2006-05-08	Common Stock	F	1749	$60.575	Disposed	35654	Direct
2006-05-08	Common Stock	M	4000	$39.7344	Acquired	39654	Direct
2006-05-08	Common Stock	F	2624	$60.575	Disposed	37030	Direct
2006-05-09	Common Stock	G	3056	—	Disposed	33974	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-05-08	Stock Option (Right to Buy)	$26.4844	M	4000	Disposed	2007-02-18	Common Stock (4000)	Direct
2006-05-08	Stock Option (Right to Buy)	$39.7344	M	4000	Disposed	2008-02-17	Common Stock (4000)	Direct

Footnotes

F1: Exercise of stock options awarded under the issuer's non-employee director stock option plan.

F2: Payment of exercise price of stock option by delivering or withholding shares of stock incident to the exercise of the option under the issuer's non-employee director stock option plan.

F3: As a result of the above reported transactions, the reporting person's Common Stock ownership has increased by 3,627 shares.

F4: Bona fide gift

F5: Option became 100% exercisable on the date shown in this column.