PROCTER & GAMBLE Co — Director's Dealing 2007

Dec 4, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROCTER & GAMBLE CO (PG)
CIK: 0000080424
Period of Report: 2007-11-30

Reporting Person: DALEY CLAYTON C JR (VC and Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-11-14	Common Stock	G	120.0000	—	Disposed	161437.8410	Direct
2007-11-30	Common Stock	F	10228.0000	$73.87	Disposed	151209.8410	Direct
2007-11-30	Common Stock	F	3462.0000	$73.87	Disposed	147747.8410	Direct
2007-11-30	Common Stock	M	18000.0000	$41.9732	Acquired	165747.8410	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-09-30	Series A Preferred Stock	$0	A	300.4566	Acquired		Common Stock (300.4566)	Indirect
2007-11-30	Stock Option (right to buy)	$41.9732	M	18000.0000	Disposed	2008-02-27	Common Stock (18000.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	484.0000	Indirect
Common Stock	53665.1203	Indirect
Common Stock	5429.0000	Indirect

Footnotes

F1: Holdings as of 9/30/2007.

F2: Higher of $6.82 (adjusted for 2-for-1 stock split effective May 21, 2004) 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 07/01/
2007 through 09/30/2007.

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.