COLGATE PALMOLIVE CO — Director's Dealing 2007

May 11, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COLGATE PALMOLIVE CO (CL)
CIK: 0000021665
Period of Report: 2007-05-09

Reporting Person: MARTIN RONALD T (VP, Global Bus Prac & Publ Aff)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-09	Common Stock	M	4080	$48.0625	Acquired	10762	Direct
2007-05-09	Common Stock	F	402	$67.84	Disposed	10360	Direct
2007-05-09	Common Stock	F	2891	$67.84	Disposed	7469	Direct
2007-05-10	Common Stock	S	734	$67.49	Disposed	6735	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-05-09	Stock Option (Right to Buy)	$48.0625	M	4080	Disposed	2010-09-14	Common Stock (4080)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1447	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: As a result of the reported transactions, the reporting person's Common Stock ownership has increased by 53 shares.