COLGATE PALMOLIVE CO — Director's Dealing 2008

Aug 5, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COLGATE PALMOLIVE CO (CL)
CIK: 0000021665
Period of Report: 2008-08-01

Reporting Person: Marsili Daniel B (VP Global Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-08-01	Common Stock	M	1682	$56.0938	Acquired	19279	Direct
2008-08-01	Common Stock	M	1685	$55.815	Acquired	20964	Direct
2008-08-01	Common Stock	M	1682	$55.37	Acquired	22646	Direct
2008-08-01	Common Stock	F	4259	$74.44	Disposed	18387	Direct
2008-08-04	Common Stock	S	127	$74.7589	Disposed	18260	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-08-01	Stock Option (Right to Buy)	$56.0938	M	1682	Disposed	2008-09-10	Common Stock (1682)	Direct
2008-08-01	Stock Option (Right to Buy)	$55.815	M	1685	Disposed	2008-09-10	Common Stock (1685)	Direct
2008-08-01	Stock Option (Right to Buy)	$55.37	M	1682	Disposed	2008-09-10	Common Stock (1682)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	40	Indirect

Footnotes

F1: Exercise of expiring 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.