COLGATE PALMOLIVE CO — Director's Dealing 2008

Aug 11, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COLGATE PALMOLIVE CO (CL)
CIK: 0000021665
Period of Report: 2008-08-07

Reporting Person: THOMPSON DELIA H (VP, Investor Relations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-08-07	Common Stock	M	1829	$57.1875	Acquired	36667	Direct
2008-08-07	Common Stock	M	1918	$58.2188	Acquired	38585	Direct
2008-08-07	Common Stock	M	3678	$59.325	Acquired	42263	Direct
2008-08-07	Common Stock	M	1972	$58.83	Acquired	44235	Direct
2008-08-07	Common Stock	F	7928	$75.76	Disposed	36307	Direct
2008-08-08	Common Stock	S	213	$76.1672	Disposed	36094	Direct
2008-08-08	Common Stock	S	550	$75.9311	Disposed	35544	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-08-07	Stock Option (Right to Buy)	$57.1875	M	1829	Disposed	2008-09-10	Common Stock (1829)	Direct
2008-08-07	Stock Option (Right to Buy)	$58.2188	M	1918	Disposed	2008-09-10	Common Stock (1918)	Direct
2008-08-07	Stock Option (Right to Buy)	$59.325	M	3678	Disposed	2008-09-10	Common Stock (3678)	Direct
2008-08-07	Stock Option (Right to Buy)	$58.83	M	1972	Disposed	2008-09-10	Common Stock (1972)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1796	Indirect
Common Stock	112	Indirect

Footnotes

F1: Exercise of stock options awarded under the issuer's employee stock option plan.

F2: The exercise price of the options and related withholding requirement was satisfied by the Company's withholding shares otherwise deliverable upon exercise of the options.

F3: Sale of shares (with proceeds delivered to the Company) for payment of tax liability above minimum required statutory withholding (but not in excess of full applicable statutory tax rates) incident to the exercise of the option under the issuer's employee stock option plan.