PROCTER & GAMBLE Co — Director's Dealing 2005

Feb 18, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROCTER & GAMBLE CO (PG)
CIK: 0000080424
Period of Report: 2005-02-16

Reporting Person: CLOYD G GILBERT (Chief Technology Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-11-15	Common Stock	G	35.0000	—	Disposed	165486.0000	Direct
2005-02-16	Common Stock	M	45146.0000	$16.4354	Acquired	210632.0000	Direct
2005-02-16	Common Stock	F	11072.0000	$53.3200	Disposed	199560.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-02-16	Stock Option (right to buy)	$16.4354	M	45146.0000	Disposed	2005-02-28	Common Stock (45146.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	60609.0693	Indirect
Common Stock	1758.0000	Indirect

Footnotes

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