COLGATE PALMOLIVE CO — Director's Dealing 2009

Aug 6, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COLGATE PALMOLIVE CO (CL)
CIK: 0000021665
Period of Report: 2009-08-04

Reporting Person: Wallace Noel R. (Pres.- Colgate U.S.)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-08-04	Common Stock	M	534	$55.6563	Acquired	37318	Direct
2009-08-04	Common Stock	M	12000	$64.75	Acquired	49318	Direct
2009-08-04	Common Stock	M	1019	$58.455	Acquired	50337	Direct
2009-08-04	Common Stock	M	1511	$58.885	Acquired	51848	Direct
2009-08-04	Common Stock	M	2100	$56.565	Acquired	53948	Direct
2009-08-04	Common Stock	F	15729	$72.21	Disposed	38219	Direct
2009-08-05	Common Stock	S	229	$71.3099	Disposed	37990	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-08-04	Stock Option (Right to Buy)	$55.6563	M	534	Disposed	2009-09-09	Common Stock (534)	Direct
2009-08-04	Stock Option (Right to Buy)	$64.75	M	12000	Disposed	2010-01-13	Common Stock (12000)	Direct
2009-08-04	Stock Option (Right to Buy)	$58.455	M	1019	Disposed	2009-09-09	Common Stock (1019)	Direct
2009-08-04	Stock Option (Right to Buy)	$58.885	M	1511	Disposed	2009-09-09	Common Stock (1511)	Direct
2009-08-04	Stock Option (Right to Buy)	$56.565	M	2100	Disposed	2009-09-11	Common Stock (2100)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2852	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.