PROCTER & GAMBLE Co — Director's Dealing 2007

Jul 11, 2007

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: PROCTER & GAMBLE CO (PG)
CIK: 0000080424
Period of Report: 2007-07-01

Reporting Person: Steele Robert Allan (Vice Chair-Global H and WB)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	73105.6080	Direct
Common Stock	25196.9070	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Series A Preferred Stock	$0		Common Stock (11954.0026)		Indirect
Stock Option (right to buy)	$44.2656	2014-02-26	Common Stock (10074.0000)		Direct
Stock Option (right to buy)	$49.4759	2014-09-15	Common Stock (23886.0000)		Direct
Stock Option (right to buy)	$27.4459	2015-07-10	Common Stock (11736.0000)		Direct
Stock Option (right to buy)	$31.0118	2015-09-15	Common Stock (64500.0000)		Direct
Stock Option (right to buy)	$34.5688	2016-09-24	Common Stock (4668.0000)		Direct
Stock Option (right to buy)	$45.6625	2012-09-13	Common Stock (7404.0000)		Direct
Stock Option (right to buy)	$45.6625	2012-09-13	Common Stock (82126.0000)		Direct
Stock Option (right to buy)	$34.5688	2016-09-24	Common Stock (94028.0000)		Direct
Stock Option (right to buy)	$45.9700	2013-09-15	Common Stock (29460.0000)		Direct
Stock Option (right to buy)	$51.4150	2014-02-27	Common Stock (77800.0000)		Direct
Stock Option (right to buy)	$51.4150	2014-02-27	Common Stock (38900.0000)		Direct
Stock Option (right to buy)	$56.5150	2014-09-15	Common Stock (8262.0000)		Direct
Stock Option (right to buy)	$53.5950	2015-02-28	Common Stock (93293.0000)		Direct
Stock Option (right to buy)	$60.5000	2016-02-28	Common Stock (82645.0000)		Direct
Stock Option (right to buy)	$63.4900	2017-02-28	Common Stock (94504.0000)		Direct

Footnotes

F1: 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.

F2: Higher of $6.82 (adjusted for 2-for-1 stock split effective May 21, 2004) or market price of Common Stock.