COLGATE PALMOLIVE CO — Director's Dealing 2007

Aug 1, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COLGATE PALMOLIVE CO (CL)
CIK: 0000021665
Period of Report: 2007-07-30

Reporting Person: TOBEN EDMUND D (Chief Information Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-07-30	Common Stock	M	23000	$56.675	Acquired	63742	Direct
2007-07-30	Common Stock	F	1237	$67.40	Disposed	62505	Direct
2007-07-30	Common Stock	F	19340	$67.40	Disposed	43165	Direct
2007-07-30	Common Stock	M	5000	$54.705	Acquired	48165	Direct
2007-07-30	Common Stock	F	318	$67.40	Disposed	47847	Direct
2007-07-30	Common Stock	F	4059	$67.40	Disposed	43788	Direct
2007-07-31	Common Stock	S	460	$66.8943	Disposed	43328	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-07-30	Stock Option (Right to Buy)	$56.675	M	23000	Disposed	2011-09-17	Common Stock (23000)	Direct
2007-07-30	Stock Option (Right to Buy)	$54.705	M	5000	Disposed	2012-03-14	Common Stock (5000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1570	Indirect
Common Stock	2387	Indirect

Footnotes

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

F2: Payment of tax liability by delivering or withholding shares of stock incident to the exercise of the option under the issuer's employee stock option plan.

F3: Payment of exercise price of stock option by delivering or withholding shares of stock incident to the exercise of the option under the issuer's employee stock option plan.

F4: 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..

F5: As a result of the reported transactions, the reporting person's Common Stock ownership has increased by 2586 shares.

F6: The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.