COLGATE PALMOLIVE CO — Director's Dealing 2007

Feb 16, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COLGATE PALMOLIVE CO (CL)
CIK: 0000021665
Period of Report: 2007-02-14

Reporting Person: HENDRY ANDREW D (Sr VP, Gen Counsel & Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-14	Common Stock	M	12601	$57.75	Acquired	181816	Direct
2007-02-14	Common Stock	F	712	$67.90	Disposed	181104	Direct
2007-02-14	Common Stock	F	10717	$67.90	Disposed	170387	Direct
2007-02-14	Common Stock	M	25058	$55.94	Acquired	195445	Direct
2007-02-14	Common Stock	F	1668	$67.90	Disposed	193777	Direct
2007-02-14	Common Stock	F	20645	$67.90	Disposed	173132	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-14	Stock Option (Right to Buy)	$57.75	M	12601	Disposed	2007-09-11	Common Stock (12601)	Direct
2007-02-14	Stock Option (Right to Buy)	$55.94	M	25058	Disposed	2007-09-11	Common Stock (25058)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3761	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 3,917 shares.