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COLGATE PALMOLIVE CO Director's Dealing 2008

May 20, 2008

29956_dirs_2008-05-20_3abfc0e8-f144-4c5a-8ffa-a824bf88f7ee.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: 2008-05-16

Reporting Person: HICKEY DENNIS J (VP, Corporate Controller)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2008-05-16 Common Stock M 8290 $58.65 Acquired 104715 Direct
2008-05-16 Common Stock M 16508 $58.70 Acquired 121223 Direct
2008-05-16 Common Stock F 21669 $72.50 Disposed 99554 Direct
2008-05-19 Common Stock S 473 $72.4569 Disposed 99081 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2008-05-16 Stock Option (RIght to Buy) $58.65 M 8290 Disposed 2008-09-10 Common Stock (8290) Direct
2008-05-16 Stock Option (Right to Buy) $58.70 M 16508 Disposed 2008-09-10 Common Stock (16508) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 3748 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.

F4: Option became 100% exercisable on the date shown in this column.