UNITED
STATES
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
31, 2007
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|
THE
PROCTER & GAMBLE COMPANY
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|
(Exact
name
of registrant as specified in its
charter)
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Ohio
|
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1-434
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31-0411980
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|
(State
or
other jurisdiction
of
incorporation)
|
|
(Commission
File Number)
|
|
(IRS
Employer
Identification
Number)
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One
Procter
& Gamble Plaza, Cincinnati, Ohio
|
|
45202
|
|
(Address
of
principal executive offices)
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Zip
Code
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(513)
983-1100
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|
45202
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|
(Registrant's
telephone number, including area code)
|
|
Zip
Code
|
|
¨
|
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
7.01 REGULATION
FD DISCLOSURE
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 160,000 shares of
the Company's
common stock over a two-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 2008 and will terminate on
November 30,
2009, unless terminated sooner in accordance with the plan's
terms.
This plan was established during the Company's current trading
window and
is merely an extension of Mr. Lafley’s current plan. 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 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. The Company is furnishing this 8-K
pursuant to Item 7.01, “Regulation FD
Disclosure.”
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|
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
BY:
/s/ E.
J.
Wunsch
E.
J.
Wunsch
Assistant
Secretary
May
31,
2007