COLGATE PALMOLIVE CO — Director's Dealing 2008

Sep 15, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COLGATE PALMOLIVE CO (CL)
CIK: 0000021665
Period of Report: 2008-09-11

Reporting Person: GARCIA FABIAN T (Exec VP Pres. Lat. Am. & G.S.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-09-11	Common Stock	F	3856	$79.52	Disposed	48356	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-09-11	Stock Option (Right to Buy)	$79.52	A	61000	Acquired	2014-09-11	Common Stock (61000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	400	Indirect

Footnotes

F1: Payment of tax liability by withholding shares of stock from award of restricted shares vesting under the issuer's stockholder-approved Executive Incentive Compensation Plan. The overall net effect of the vesting of restricted shares, after the withholding of shares to pay income taxes associated with such vesting reported on this Form, was to increase Mr. Garcia's non-restricted holdings (i.e., common shares held outright) of Colgate stock.

F2: Annual Stock Option granted under the issuer's 2005 Employee Stock Option Plan.

F3: Option becomes exercisable in one-third increments on each anniversary date, with the first third becoming exercisable on the date shown in this column.