COLGATE PALMOLIVE CO — Director's Dealing 2007

Nov 14, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COLGATE PALMOLIVE CO (CL)
CIK: 0000021665
Period of Report: 2007-11-12

Reporting Person: WHEELER ROBERT C (CEO, Hill's Pet Nutrition)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-11-12	Common Stock	M	8177	$58.65	Acquired	231703	Direct
2007-11-12	Common Stock	M	16263	$58.83	Acquired	247966	Direct
2007-11-12	Common Stock	M	16072	$58.83	Acquired	264038	Direct
2007-11-12	Common Stock	M	40500	$56.565	Acquired	304538	Direct
2007-11-12	Common Stock	F	67195	$76.78	Disposed	237343	Direct
2007-11-13	Common Stock	S	2015	$76.6671	Disposed	235328	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-11-12	Stock Option (Right to Buy)	$58.65	M	8177	Disposed	2008-09-10	Common Stock (8177)	Direct
2007-11-12	Stock Option (Right to Buy)	$58.83	M	16263	Disposed	2008-09-10	Common Stock (16263)	Direct
2007-11-12	Stock Option (Right to Buy)	$58.83	M	16072	Disposed	2009-09-09	Common Stock (16072)	Direct
2007-11-12	Stock Option (Right to Buy)	$56.565	M	40500	Disposed	2009-09-11	Common Stock (40500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	584	Indirect
Common Stock	124	Indirect

Footnotes

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

F2: The exercise price of the options and related withholding requirement was satisfied by the Company's withholding shares otherwise deliverable upon exercise of the options.

F3: 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) incident to the exercise of the option under the issuer's employee stock option plan.

F4: As a result of the reported transactions, the reporting person's Common Stock ownership has increased by 11,802 shares.