COLGATE PALMOLIVE CO — Director's Dealing 2009

Feb 18, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COLGATE PALMOLIVE CO (CL)
CIK: 0000021665
Period of Report: 2009-02-13

Reporting Person: Groener David R (VP-Global Supply Chain)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-02-13	Common Stock	M	34000	$55.6563	Acquired	71085	Direct
2009-02-13	Common Stock	F	31375	$63.13	Disposed	39710	Direct
2009-02-17	Common Stock	S	403	$61.1227	Disposed	39307	Direct
2009-02-17	Common Stock	S	2222	$61.70	Disposed	37085	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-02-13	Stock Option (Right to Buy)	$55.6563	M	34000	Disposed	2009-09-09	Common Stock (34000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6945	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.