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: MARTIN MARIANO (Global Cust. Bus. Dev. Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-11-30	Common Stock	M	3500.0000	$41.9732	Acquired	39853.7780	Direct
2007-11-30	Common Stock	F	1989.0000	$73.87	Disposed	37864.7780	Direct
2007-11-30	Common Stock	F	520.0000	$73.87	Disposed	37344.7780	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-03-31	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	3500.0000	Disposed	2008-02-27	Common Stock (3500.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	68.0000	Indirect
Common Stock	4259.7432	Indirect
Common Stock	68.0000	Indirect
Common Stock	68.0000	Indirect
Common Stock	68.0000	Indirect
Common Stock	2000.0000	Indirect

Footnotes

F1: Mariano Martin custodian for Sandra Martin Chocano under the Uniform Gift to Minors Act (UGMA).

F2: Balance as of 9/30/2007.

F3: Mariano Martin custodian for Ignacio Martin Chocano (UGMA).

F4: Mariano Martin custodian for Jaime Martin Chocano (UGMA).

F5: Mariano Martin custodian for Javier Martin Chocano (UGMA).

F6: The Mariano Martin Revocable Living Trust.

F7: Higher of $6.82 (adjusted for 2-for-1 stock split effective May 21, 2004) or market price of Common Stock.

F8: 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.

F9: 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.

F10: Series A Preferred Stock allocated to officer's Retirement Plan account pursuant to Retirement Plan provisions.