SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported) May 23, 2006
THE PROCTER & GAMBLE COMPANY
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(Exact name of registrant as specified in its charter)
Ohio 1-434 31-0411980
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(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification
incorporation) Number)
One Procter & Gamble Plaza, Cincinnati, Ohio 45202
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (513) 983-1100
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[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 8.01 OTHER EVENTS
The Procter & Gamble Company (the "Company") has been advised that A.G. Lafley,
Chairman of the Board, President and Chief Executive of the Company, has entered
into a stock trading plan designed to comply with Rule 10b5-1(c) of the
Securities Exchange Act of 1934, as amended. Under Rule 10b5-1(c), directors and
officers may adopt a prearranged plan or contract for the sale of Company
securities under specified conditions and at specified times.
Mr. Lafley's plan allows for the sale of a maximum of 80,000 shares of the
Company's common stock over a one-year period during the Company's trading
"windows," and provides for sales of specified share amounts at specified market
prices, subject to specified limitations. Sales pursuant to this plan may begin
in February 2007 and will terminate on November 30, 2007, unless terminated
sooner in accordance with the plan's terms. This plan was established during the
Company's current trading window. Any sales under the plan will comply with the
holding period requirement for stock option gains as implemented by the
Company's Board of Directors and described in the Company's 2005 Proxy
Statement. In addition, Mr. Lafley and the Company will publicly disclose any of
his stock sales made under the Rule 10b5-1(c) plan.
Except as may be required by law, the Company does not undertake to report stock
trading plans by other Company officers or directors, nor to report
modifications, transactions or other activities under Mr. Lafley's plan or the
plan of any other officer or director.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
THE PROCTER & GAMBLE COMPANY
/S/ SUSAN S. FELDER
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Susan S. Felder, Assistant Secretary
May 23, 2006