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PROCTER & GAMBLE Co Director's Dealing 2003

Aug 15, 2003

29757_dirs_2003-08-15_e5c28e80-fe82-41a8-bf8e-b4d41f3c2a02.zip

Director's Dealing

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SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: PROCTER & GAMBLE CO (PG)
CIK: 0000080424
Period of Report: 2003-06-01

Reporting Person: MONTOYA JORGE P (Pres. Global Food-Bev and LA)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2002-09-30 Series A Preferred Stock $ A 31.2300 Acquired Common Stock (31.2300) Indirect
2002-12-31 Series A Preferred Stock $ A 33.0844 Acquired Common Stock (33.0844) Indirect
2003-03-31 Series A Preferred Stock $ A 34.4029 Acquired Common Stock (34.4029) Indirect
2003-06-30 Series A Preferred Stock $ A 32.4649 Acquired Common Stock (32.4649) Indirect

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 63328.0000 Direct
Common Stock 24107.6575 Indirect
Common Stock 77558.0000 Indirect

Footnotes

F1: Between 7/1/02 and 6/30/03, reporting person acquired 447.4003 shares of Common Stock under Issuer's Profit Sharing Trust and Emp
loyee Stock Ownership Plan.

F2: Higher of $13.75 or market price of Common Stock.

F3: Series A Preferred Stock allocated to officer's Retirement Plan Account pursuant to formula award provision for the period 7/1/02
through 9/30/02.

F4: Shares held by Retirement Plan Trustees. If officer terminates employment and elects distribution of shares, or, if after age 50 elects alternative investment within Plan, Preferred Stock converted/redeemed at specified conversion/exercise price.

F5: Series A Preferred Stock allocated to officer's Retirement Plan account pursuant to Retirement Plan provisions.

F6: Series A Preferred Stock allocated to officer's Retirement Plan Account pursuant to formula award provision for the period 10/1/0
2 through 12/31/02.

F7: Series A Preferred Stock allocated to offier's Retirement Plan Account pursuant to formula award provision for the period 1/1/03
through 3/31/03.

F8: Series A Preferred Stock allocated to officer's Retirement Plan Account pursuant to formula award for the period 4/1/03 through 6
/30/03.