COLGATE PALMOLIVE CO — Director's Dealing 2008

Feb 21, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COLGATE PALMOLIVE CO (CL)
CIK: 0000021665
Period of Report: 2008-02-19

Reporting Person: COOK IAN M (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-02-19	Common Stock	M	30000	$39.5157	Acquired	281846	Direct
2008-02-19	Common Stock	F	22033	$74.92	Disposed	259813	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-02-19	Stock Option (Right to Buy)	$39.5157	M	30000	Disposed	2008-03-05	Common Stock (30000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11816	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: As a result of the reported transactions, the reporting person's Common Stock ownership has increased by 7,967 shares.