Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
MARTIN MARIANO
  2. Issuer Name and Ticker or Trading Symbol
PROCTER & GAMBLE CO [PG]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Global Cust. Bus. Dev. Officer
(Last)
(First)
(Middle)
ONE PROCTER AND GAMBLE PLAZA
3. Date of Earliest Transaction (Month/Day/Year)
09/14/2007
(Street)

CINCINNATI, OH 45202
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 09/14/2007   A   5,382 (1) A $ 67.81 37,493.994 D  
Common Stock 09/14/2007   F   190 (2) D $ 67.4 37,303.994 D  
Common Stock 09/15/2007   F   372 (3) D $ 67.4 36,931.994 D  
Common Stock 09/15/2007   F   746 (4) D $ 67.4 36,185.994 D  
Common Stock               68 I by daughter Sandra (5)
Common Stock               3,725.7825 (6) I By Retirement Plan Trustees
Common Stock               68 I by son Ignacio (7)
Common Stock               68 I by son Jaime (8)
Common Stock               68 I by son Javier (9)
Common Stock               2,000 I by Trust (10)

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (right to buy) $ 67.81 09/14/2007   A   10,461 (11)   09/14/2010 09/14/2017 Common Stock 10,461 $ 0 10,461 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
MARTIN MARIANO
ONE PROCTER AND GAMBLE PLAZA
CINCINNATI, OH 45202
      Global Cust. Bus. Dev. Officer  

Signatures

 Jason P. Muncy as Attorney-In-Fact for MARIANO MARTIN   09/18/2007
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Restricted Stock Units awarded pursuant to Issuer's 2001 Stock and Incentive Compensation Plan.
(2) RSUs withheld to cover the taxes on 9/14/2007 award of RSUs under the Issuer's 2001 Stock and Incentive Compensation Plan.
(3) Shares withheld to cover taxes upon the vesting of RSUs granted on 9/16/04.
(4) RSUs withheld to cover taxes upon lapse of forfeiture provisions for RSUs previously granted under the Issuer's 2001 Stock and In centive Compensation Plan.
(5) Mariano Martin custodian for Sandra Martin Chocano under the Uniform Gift to Minors Act (UGMA).
(6) Balance as of 3/31/2007.
(7) Mariano Martin custodian for Ignacio Martin Chocano (UGMA).
(8) Mariano Martin custodian for Jaime Martin Chocano (UGMA).
(9) Mariano Martin custodian for Javier Martin Chocano (UGMA).
(10) The Mariano Martin Revocable Living Trust.
(11) Employee stock option granted under Issuer's 2001 Stock and Incentive Compensation Plan.

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