COLGATE PALMOLIVE CO — Director's Dealing 2010

May 13, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COLGATE PALMOLIVE CO (CL)
CIK: 0000021665
Period of Report: 2010-05-10

Reporting Person: Wallace Noel R. (Pres.- Colgate No. America)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-05-10	Common Stock	M	1400	$48.0625	Acquired	47709	Direct
2010-05-10	Common Stock	M	2470	$58.885	Acquired	50179	Direct
2010-05-10	Common Stock	M	5600	$54.40	Acquired	55779	Direct
2010-05-10	Common Stock	F	7396	$83.18	Disposed	48383	Direct
2010-05-11	Common Stock	S	325	$82.595	Disposed	48058	Direct
2010-05-12	Common Stock	S	1749	$82.79	Disposed	46309	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-05-10	Stock Option (Right to Buy)	$48.0625	M	1400	Disposed	2010-09-14	Common Stock (1400)	Direct
2010-05-10	Stock Option (Right to Buy)	$58.885	M	2470	Disposed	2010-09-14	Common Stock (2470)	Direct
2010-05-10	Stock Option (Right to Buy)	$54.40	M	5600	Disposed	2010-09-09	Common Stock (5600)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2918	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.