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PROCTER & GAMBLE Co Director's Dealing 2007

May 18, 2007

29757_dirs_2007-05-18_a7a3c434-ea3c-4f4e-9f5d-a5901ff97d02.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROCTER & GAMBLE CO (PG)
CIK: 0000080424
Period of Report: 2007-05-17

Reporting Person: CLOYD G GILBERT (Chief Technology Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2007-05-17 Common Stock M 7668.0000 $37.4778 Acquired 249036.7080 Direct
2007-05-17 Common Stock F 1398.0000 $63.1750 Disposed 247638.7080 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2007-05-17 Stock Option (right to buy) $37.4778 M 7668.0000 Disposed 2007-07-09 Common Stock (7668.0000) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 66316.8022 Indirect
Common Stock 1695.0000 Indirect