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: STENGEL JAMES R (Global Marketing Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-09-15	Stock Option (right to buy)	$91.9400	A	15204.0000	Acquired	2013-09-15	Common Stock (15204.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2470.0000	Direct
Common Stock	55.0000	Indirect
Common Stock	5098.0326	Indirect
Common Stock	65.0000	Indirect

Footnotes

F1: Employee stock option granted under Issuer's 2001 Stock Plan.