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COLGATE PALMOLIVE CO Director's Dealing 2008

Aug 5, 2008

29956_dirs_2008-08-05_910a93b4-e065-4747-8462-c3d76e81ae65.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: Gillman Nina D (VP-Dep Gen Counsel & Asst Sec)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-08-01 Common Stock M 4000 $48.0625 Acquired 14771 Direct
2008-08-01 Common Stock F 3118 $74.44 Disposed 11653 Direct
2008-08-01 Common Stock S 408 $73.9151 Disposed 11245 Direct
2008-08-04 Common Stock S 142 $74.7589 Disposed 11103 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2008-08-01 Stock Option (Right to Buy) $48.0625 M 4000 Disposed 2010-09-14 Common Stock (4000) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 32 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.