COLGATE PALMOLIVE CO — Director's Dealing 2008

Aug 7, 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: HANCOCK ELLEN M (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-08-05	Common Stock	M	2470	$43.25	Acquired	69283	Direct
2008-08-05	Common Stock	F	1409	$75.84	Disposed	67874	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-08-05	Stock Option (Right to Buy)	$43.25	M	2470	Disposed	2009-02-17	Common Stock (2470)	Direct

Footnotes

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.