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: CONWAY JILL K (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-08-01	Common Stock	M	1334	$43.25	Acquired	2518	Indirect
2008-08-01	Common Stock	M	999	$57.75	Acquired	3517	Indirect
2008-08-01	Common Stock	M	1095	$52.66	Acquired	4612	Indirect
2008-08-01	Common Stock	F	2325	$74.44	Disposed	2287	Indirect
2008-08-04	Common Stock	S	1103	$74.23	Disposed	1184	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-08-01	Stock Option (Right to Buy)	$43.25	M	1334	Disposed	2009-02-17	Common Stock (1334)	Direct
2008-08-01	Stock Option (Right to Buy)	$57.75	M	999	Disposed	2009-02-17	Common Stock (999)	Direct
2008-08-01	Stock Option (Right to Buy)	$52.66	M	1095	Disposed	2009-02-17	Common Stock (1095)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	32568	Direct

Footnotes

F1: Exercise of expiring stock options awarded under the issuer's Non-Employee Director stock option plan, with option shares delivered to the Jill K. Conway Trust.

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