PROCTER & GAMBLE Co — Director's Dealing 2016

Aug 18, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PROCTER & GAMBLE Co (PG)
CIK: 0000080424
Period of Report: 2016-08-16

Reporting Person: Pierce Charles E (Group President Global Groomin)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-08-16	Common Stock	M	127	$86.16	Acquired	5673.585	Direct
2016-08-16	Common Stock	F	127	$86.16	Disposed	5546.585	Direct
2016-08-17	Common Stock	A	7095	—	Acquired	12641.585	Direct
2016-08-17	Common Stock	S	3556	$86.2992	Disposed	9085.585	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-08-15	Restricted Stock Units	$	A	191.391	Acquired		Common Stock (191.391)	Direct
2016-08-16	Restricted Stock Units	$	M	127	Disposed		Common Stock (127)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	40495.8893	Indirect

Footnotes

F1: Shares withheld to cover taxes on previous Restricted Stock Unit grant.

F2: Stock award pursuant to Issuer's 2014 Stock and Incentive Compensation Plan.

F3: Shares sold to cover taxes on Restricted Stock Unit grant.

F4: Weighted average price of the shares sold. The price range was $86.08 to $86.43. Full information regarding the number of shares sold at each separate price available upon request.

F5: Total includes grant of dividend equivalents in the form of Restricted Stock Units (RSUs) settled in common stock.

F6: Dividend equivalents in the form of Retirement Restricted Stock Units (RSUs) previously awarded pursuant to Issuer's retirement program. All such RSUs represent a contingent right to receive Procter & Gamble common stock or cash settlement.

F7: These units will deliver in shares or cash settlement on retirement from the company, unless delivery is deferred or such shares are contributed to reporting person's deferred compensation account.

F8: These units will deliver in shares or cash settlement on retirement from the company, unless delivery is deferred or such shares are contributed to reporting person's deferred compensation account.

F9: Retirement award in the form of Restricted Stock Units which represent a contingent right to receive P&G common stock or cash settlement. Amount and price computed per benefit formula for plan year ended 6/30/2016.

F10: These units will deliver in shares on retirement from the company, unless delivery is deferred or such shares are contributed to reporting person's deferred compensation account.