PROCTER & GAMBLE Co — Director's Dealing 2005

Feb 22, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROCTER & GAMBLE CO (PG)
CIK: 0000080424
Period of Report: 2005-02-17

Reporting Person: MCDONALD ROBERT A (Vice Chair-Global Operations)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-02-17	Common Stock	M	23378.0000	$16.4354	Acquired	95032.0000	Direct
2005-02-17	Common Stock	F	7213.0000	$53.2750	Disposed	87819.0000	Direct
2005-02-17	Common Stock	F	6782.0000	$53.2750	Disposed	81037.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-02-17	Stock Option (right to buy)	$16.4354	M	23378.0000	Disposed	2005-02-28	Common Stock (23378.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	22996.1124	Indirect

Footnotes

F1: Shares adjusted for 2-for-1 stock split effective May 21, 2004.