COLGATE PALMOLIVE CO — Director's Dealing 2011

Feb 16, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: COLGATE PALMOLIVE CO (CL)
CIK: 0000021665
Period of Report: 2011-02-14

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-14	Common Stock	S	1587	$78.991	Disposed	44131	Direct
2011-02-14	Common Stock	M	8000	$53.455	Acquired	52131	Direct
2011-02-14	Common Stock	F	6351	$79.01	Disposed	45780	Direct
2011-02-15	Common Stock	S	259	$78.5238	Disposed	45521	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-02-14	Stock Option (Right to Buy)	$53.455	M	8000	Disposed	2011-09-08	Common Stock (8000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	16931	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.