COLGATE PALMOLIVE CO - Director's Dealing 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COLGATE PALMOLIVE CO (CL)
CIK: 0000021665
Period of Report: 2008-08-05

Reporting Person: JOHNSON DAVID WILLIS (Director)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-08-05	Common Stock	M	4000	$53.915	Acquired	65052	Direct
2008-08-05	Common Stock	F	2844	$75.84	Disposed	62208	Direct
2008-08-06	Common Stock	S	2000	$75.4755	Disposed	60208	Direct
2008-08-06	Common Stock	S	2000	$75.7755	Disposed	58208	Direct

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-08-05	Stock Option (Right to Buy)	$53.915	M	4000	Disposed	2015-02-17	Common Stock (4000)	Direct

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

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