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PROCTER & GAMBLE Co Director's Dealing 2007

Feb 16, 2007

29757_dirs_2007-02-16_9b3f4660-1809-478b-96e7-0ddc19866ab7.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: 2007-02-15

Reporting Person: JOHNSON JAMES J (Chief Legal Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2007-02-15 Common Stock M 75144.0000 $29.8768 Acquired 273439.6680 Direct
2007-02-15 Common Stock F 34484.0000 $65.1050 Disposed 238955.6680 Direct
2007-02-15 Common Stock F 16891.0000 $65.1050 Disposed 222064.6680 Direct
2007-02-15 Common Stock M 14634.0000 $37.4778 Acquired 236698.6680 Direct
2007-02-15 Common Stock F 8425.0000 $65.1050 Disposed 228273.6680 Direct
2007-02-15 Common Stock F 2809.0000 $65.1050 Disposed 225464.6680 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2006-09-30 Series A Preferred Stock $0 A 321.4408 Acquired Common Stock (321.4408) Indirect
2006-12-31 Series A Preferred Stock $0 A 6.9709 Acquired Common Stock (6.9709) Indirect
2007-02-15 Stock Option (right to buy) $29.8768 M 75144.0000 Disposed 2007-02-28 Common Stock (75144.0000) Direct
2007-02-15 Stock Option (right to buy) $37.4778 M 14634.0000 Disposed 2007-07-09 Common Stock (14634.0000) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 70488.5030 Indirect
Common Stock 150148.0000 Indirect
Common Stock 1032.0000 Indirect
Common Stock 8864.0000 Indirect

Footnotes

F1: Balance as of 12/31/2006.

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

F3: Series A Preferred Stock allocated to officer's Retirement Plan Account pursuant to formula award provision for the period 7/1/06
through 9/30/06.

F4: 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.

F5: Series A Preferred Stock allocated to officer's Retirement Plan account pursuant to Retirement Plan provisions.

F6: Series A Preferred Stock allocated to officer's Retirement Plan Account pursuant to formula award provision for the period 10/1/0
6 through 12/31/06.