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: Erezuma Hector I (VP Taxation)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-09-12	Common Stock	A	800	—	Acquired	10455	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	14400	Acquired	2013-09-12	Common Stock (14400)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	551	Indirect

Footnotes

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

F2: Annual stock option granted under the issuer's 2005 Employee Stock Option Plan.

F3: Option becomes exercisable in one-third increments on each anniversary date, with the first third becoming exercisable on the date shown in this column.