COLGATE PALMOLIVE CO — Director's Dealing 2006

Mar 3, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COLGATE PALMOLIVE CO (CL)
CIK: 0000021665
Period of Report: 2006-03-01

Reporting Person: Erezuma Hector I (VP Taxation)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-03-01	Common Stock	F	366	$54.72	Disposed	5247	Direct
2006-03-02	Common Stock	S	109	$54.4336	Disposed	5138	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	492	Indirect

Footnotes

F1: Payment of tax liability by withholding shares of stock from performance-based award of restricted shares vesting under the issuer's stockholder-approved Executive Incentive Compensation Plan. The overall net effect of the vesting of restricted shares, after the withholding and sale of shares to pay income taxes associated with such vesting reported on this Form, was to increase Mr. Erezuma's non-restricted holdings (i.e., common shares held outright) of Colgate stock.

F2: Sale of shares (with proceeds delivered to the Company) for payment of tax liability above minimum required statutory withholding (but not in excess of full applicable statutory tax rates) resulting from vesting of performance-based award of restricted shares under the Company's stockholder-approved Executive Incentive Compensation Plan. The overall net effect of the vesting of restricted shares, after the withholding and sale of shares to pay income taxes associated with such vesting reported on this Form, was to increase Mr. Erezuma's non-restricted holdings (i.e., shares held outright) of Colgate common stock.