PROCTER & GAMBLE Co — Director's Dealing 2007

Mar 1, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROCTER & GAMBLE CO (PG)
CIK: 0000080424
Period of Report: 2007-02-28

Reporting Person: LAFLEY ALAN G (Director, COB, Pres. and Chief Executive)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-28	Common Stock	A	85053.0000	$63.490	Acquired	972051.5630	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-28	Stock Option (right to buy)	$63.490	A	579906.0000	Acquired	2017-02-28	Common Stock (579906.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	45251.6945	Indirect
Common Stock	715.0960	Indirect
Common Stock	6158.0000	Indirect

Footnotes

F1: Restricted Stock Units awarded pursuant to Issuer's 2001 Stock and Incentive Compensation Plan.

F2: By A.G. Lafley Irrevocable Trust II U/A dated March 8, 1999, Margaret G. Lafley, trustee, for benefit of reporting person's wife
and children.

F3: Employee stock option granted under Issuer's 2001 Stock and Incentive Compensation Plan.