COLGATE PALMOLIVE CO — Director's Dealing 2011

May 18, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COLGATE PALMOLIVE CO (CL)
CIK: 0000021665
Period of Report: 2011-05-16

Reporting Person: TANGNEY MICHAEL J (Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-16	Common Stock	M	70000	$56.675	Acquired	542325	Direct
2011-05-16	Common Stock	M	67500	$53.455	Acquired	609825	Direct
2011-05-16	Common Stock	F	110953	$85.95	Disposed	498872	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-16	Stock Option (Right to Buy)	$56.675	M	70000	Disposed	2011-09-17	Common Stock (70000)	Direct
2011-05-16	Stock Option (Right to Buy)	$53.455	M	67500	Disposed	2011-09-08	Common Stock (67500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	63391	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.