PROCTER & GAMBLE Co — Director's Dealing 2007

Jun 1, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROCTER & GAMBLE CO (PG)
CIK: 0000080424
Period of Report: 2007-05-31

Reporting Person: ARNOLD SUSAN E (V-Chair-PG Beauty and Health)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-31	Common Stock	M	5224.0000	$37.4778	Acquired	91684.5520	Direct
2007-05-31	Common Stock	F	3078.0000	$63.6200	Disposed	88606.5520	Direct
2007-05-31	Common Stock	F	764.0000	$63.6200	Disposed	87842.5520	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-05-31	Stock Option (right to buy)	$37.4778	M	5224.0000	Disposed	2007-07-09	Common Stock (5224.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	10.0000	Indirect
Common Stock	10.0000	Indirect
Common Stock	23102.6114	Indirect

Footnotes

F1: Total includes grant of dividend equivalents in the form of RSUs on 5/15/07, pursuant to Issuer's 2001 Stock and Incentive Compen
sation Plan.