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: PATRICK STEPHEN C (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-07-30	Common Stock	M	47723	$51.125	Acquired	234988	Direct
2007-07-30	Common Stock	F	3725	$67.40	Disposed	231263	Direct
2007-07-30	Common Stock	F	36200	$67.40	Disposed	195063	Direct
2007-07-31	Common Stock	S	1152	$66.8943	Disposed	193911	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-07-30	Stock Option (Right to Buy)	$51.125	M	47723	Disposed	2007-09-11	Common Stock (47723)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2707	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 6,646 shares.