PROCTER & GAMBLE Co — Director's Dealing 2003

Sep 17, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROCTER & GAMBLE CO (PG)
CIK: 0000080424
Period of Report: 2003-09-15

Reporting Person: CLARK R KERRY (Director, Vice COB and Pres. MD Bus)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-09-15	Stock Option (right to buy)	$91.9400	A	30591.0000	Acquired	2013-09-15	Common Stock (30591.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	47584.0000	Direct
Common Stock	3651.9704	Indirect
Common Stock	537.0000	Indirect
Common Stock	490.0000	Indirect
Common Stock	490.0000	Indirect

Footnotes

F1: By Norah J. Clark as Custodian for daughter, Alissa.

F2: By Norah J. Clark as Custodian for daughter, Heather.

F3: Employee stock option granted under Issuer's 2001 Stock Plan.