COLGATE PALMOLIVE CO — Director's Dealing 2011

May 6, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COLGATE PALMOLIVE CO (CL)
CIK: 0000021665
Period of Report: 2011-05-04

Reporting Person: Ramundo Katherine H (V.P.Dep.Gen.Counsel & Asst Sec)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-05-05	Common Stock	M	5200	$60.68	Acquired	15462	Direct
2011-05-05	Common Stock	M	6500	$68.15	Acquired	21962	Direct
2011-05-05	Common Stock	F	9936	$84.90	Disposed	12026	Direct
2011-05-06	Common Stock	S	277	$85.2305	Disposed	11749	Direct
2011-05-04	Common Stock	I	2335	$84.70	Disposed	4333	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-05-05	Stock Option (Right to Buy)	$60.68	M	5200	Disposed	2012-09-07	Common Stock (5200)	Direct
2011-05-05	Stock Option (Right to Buy)	$68.15	M	6500	Disposed	2013-09-12	Common Stock (6500)	Direct

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.

F4: Transfer out of Company stock fund in issuer 401(k) plan.