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: FILUSCH EDWARD J (Vice President and Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-14	Common Stock	M	1804	$60.4375	Acquired	19420	Direct
2007-02-14	Common Stock	F	74	$67.90	Disposed	19346	Direct
2007-02-14	Common Stock	F	1606	$67.90	Disposed	17740	Direct
2007-02-14	Common Stock	M	3696	$58.64	Acquired	21436	Direct
2007-02-14	Common Stock	F	219	$67.90	Disposed	21217	Direct
2007-02-14	Common Stock	F	3192	$67.90	Disposed	18025	Direct
2007-02-15	Common Stock	S	100	$67.96	Disposed	17925	Direct
2007-02-15	Common Stock	S	200	$67.97	Disposed	17725	Direct
2007-02-15	Common Stock	S	109	$67.98	Disposed	17616	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-14	Stock Option (Right to Buy)	$60.4375	M	1804	Disposed	2007-09-11	Common Stock (1804)	Direct
2007-02-14	Stock Option (Right to Buy)	$58.64	M	3696	Disposed	2007-09-11	Common Stock (3696)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	616	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 total Common Stock ownership has not changed.