COLGATE PALMOLIVE CO — Director's Dealing 2010

Dec 30, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COLGATE PALMOLIVE CO (CL)
CIK: 0000021665
Period of Report: 2010-12-29

Reporting Person: Skala Justin (Pres. Colgate Latin America)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-12-29	Common Stock	C	19446.4	—	Acquired	20029.094	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-12-29	Series B Convertible Preference Stock	$	C	2430.8	Disposed		Common Stock (19446.4)	Indirect
2010-12-29	Series B Convertible Preference Stock Units	$	D	36.449	Disposed		Series B Convertible Preference Stock (36.449)	Indirect
2010-12-29	Common Stock Units	$	A	291.592	Acquired		Common Stock (291.592)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	46287	Direct

Footnotes

F1: The Issuer's 401(k) Plan Trustee caused the conversion of all outstanding Series B Convertible Preference Stock on December 29, 2010, into shares of the Issuer's Common Stock at a conversion rate equal to eight shares of Common Stock for each share of Series B Convertible Preference Stock. The Series B Convertible Preference Stock was convertible at the Trustee's election upon the Issuer's decision to redeem such stock.

F2: The Series B Convertible Preference Stock and Series B Convertible Preference Stock Units had no expiration date.

F3: Upon the conversion of the Series B Convertible Preference Stock on December 29, 2010, the Series B Convertible Preference Stock Units were revalued as Common Stock Units at the rate of eight Common Stock Units for each Series B Convertible Preference Stock Unit.

F4: The Common Stock Units have no expiration date.