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: CONWAY JILL K (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-14	Common Stock	M	1836	$57.75	Acquired	30191	Direct
2007-02-14	Common Stock	F	1562	$67.90	Disposed	28629	Direct
2007-02-15	Common Stock	S	100	$68.01	Disposed	10418	Indirect
2007-02-15	Common Stock	S	174	$68.02	Disposed	10244	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-14	Stock Option (Right to Buy)	$57.75	M	1836	Disposed	2007-02-18	Common Stock (1836)	Direct

Footnotes

F1: Exercise of stock options awarded under the issuer's Non-Employee Director Stock Option Plan.

F2: 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 Non-Employee Director Stock Option Plan.

F3: This total reflects a transfer to the Jill K. Conway Trust of shares exempt under Section 16a-3.