COLGATE PALMOLIVE CO — Director's Dealing 2007

Nov 15, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COLGATE PALMOLIVE CO (CL)
CIK: 0000021665
Period of Report: 2007-11-13

Reporting Person: HUSTON JOHN J (Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-11-13	Common Stock	M	4855	$58.4688	Acquired	36018	Direct
2007-11-13	Common Stock	M	4892	$58.31	Acquired	40910	Direct
2007-11-13	Common Stock	M	4968	$55.94	Acquired	45878	Direct
2007-11-13	Common Stock	F	12208	$77.50	Disposed	33670	Direct
2007-11-14	Common Stock	S	379	$78.1904	Disposed	33291	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-11-13	Stock Option (Right to Buy)	$58.4688	M	4855	Disposed	2008-09-10	Common Stock (4855)	Direct
2007-11-13	Stock Option (Right to Buy)	$58.31	M	4892	Disposed	2008-09-10	Common Stock (4892)	Direct
2007-11-13	Stock Option (Right to Buy)	$55.94	M	4968	Disposed	2008-09-10	Common Stock (4968)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2433	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 2,128 shares.