COLGATE PALMOLIVE CO — Director's Dealing 2008

Aug 6, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COLGATE PALMOLIVE CO (CL)
CIK: 0000021665
Period of Report: 2008-08-04

Reporting Person: PATRICK STEPHEN C (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-08-04	Common Stock	M	50500	$55.6563	Acquired	263894	Direct
2008-08-04	Common Stock	M	61200	$56.565	Acquired	325094	Direct
2008-08-04	Common Stock	F	95776	$74.91	Disposed	229318	Direct
2008-08-05	Common Stock	S	15924	$75.6793	Disposed	213394	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-08-04	Stock Option (Right to Buy)	$55.6563	M	50500	Disposed	2009-09-09	Common Stock (50500)	Direct
2008-08-04	Stock Option (Right to Buy)	$56.565	M	61200	Disposed	2009-09-11	Common Stock (61200)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2707	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: Weighted average price per share. High $75.88. Low $75.55.