COLGATE PALMOLIVE CO — Director's Dealing 2007

Sep 14, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COLGATE PALMOLIVE CO (CL)
CIK: 0000021665
Period of Report: 2007-09-12

Reporting Person: McBride Seamus E (Exec VP Pres. No. Am. & W.C.E.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-09-12	Common Stock	A	2778	—	Acquired	46854	Direct
2007-09-12	Common Stock	F	1116	$68.15	Disposed	45738	Direct
2007-09-13	Common Stock	S	330	$68.2223	Disposed	45408	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-09-12	Stock Option (Right to Buy)	$68.15	A	50000	Acquired	2013-09-12	Common Stock (50000)	Direct

Footnotes

F1: Annual restricted stock award granted under the issuer's Executive Incentive Compensation Plan.

F2: Payment of tax liability by withholding shares of stock from previous 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. McBride's non-restricted holdings (i.e., common shares held outright) of Colgate stock.

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) resulting from vesting of previous 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. McBride's non-restricted holdings (i.e., shares held outright) of Colgate common stock.

F4: Annual stock option granted under the issuer's 2005 Employee Stock Option Plan.

F5: Option becomes exercisable in one-third increments on each anniversary date, with the first third becoming exercisable on the date shown in this column.