SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

MARTIN MARIANO

(Last)

(First)

(Middle)

(Street)

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/09/2003

3. Issuer Name and Ticker or Trading Symbol
PROCTER & GAMBLE CO [ PG ]

4. 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

5. If Amendment, Date of 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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	1,140.078	D
Common Stock	34	I	by daughter Leticia⁽¹⁾
Common Stock	34	I	by daughter Sandra⁽²⁾
Common Stock	847.68	I	By Retirement Plan Trustees
Common Stock	34	I	by son Ignacio⁽³⁾
Common Stock	34	I	by son Jaime⁽⁴⁾
Common Stock	34	I	by son Javier⁽⁵⁾
Common Stock	1,000	I	by Trust⁽⁶⁾

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Series A Preferred Stock	⁽⁷⁾	⁽⁷⁾	Common Stock	166.78	⁽⁸⁾	I	By Retirement Plan Trustees
Stock Option (right to buy)	02/28/1997	03/01/2006	Common Stock	5,955	$40.5924	D
Stock Option (right to buy)	07/10/1997	07/10/2006	Common Stock	3,168	$43.8813	D
Stock Option (right to buy)	02/28/1998	02/28/2007	Common Stock	4,135	$59.7536	D
Stock Option (right to buy)	07/09/1998	07/09/2007	Common Stock	1,874	$74.9556	D
Stock Option (right to buy)	07/18/1998	07/09/2007	Common Stock	4,800	$74.9556	D
Stock Option (right to buy)	07/18/1998	07/18/2007	Common Stock	11,851	$74.9556	D
Stock Option (right to buy)	02/27/1999	02/27/2008	Common Stock	4,293	$83.9464	D
Stock Option (right to buy)	07/09/1999	07/09/2008	Common Stock	1,452	$90.4258	D
Stock Option (right to buy)	02/26/2002	02/26/2014	Common Stock	2,691	$88.5311	D
Stock Option (right to buy)	07/01/2002	07/01/2014	Common Stock	2,231	$86.4845	D
Stock Option (right to buy)	07/09/2002	07/09/2014	Common Stock	1,454	$85.4657	D
Stock Option (right to buy)	09/15/2002	09/15/2014	Common Stock	6,195	$98.9518	D
Stock Option (right to buy)	09/15/2002	09/15/2014	Common Stock	460	$98.9518	D
Stock Option (right to buy)	07/10/2003	07/10/2015	Common Stock	4,254	$54.8918	D
Stock Option (right to buy)	09/15/2003	09/15/2015	Common Stock	18,662	$62.0236	D
Stock Option (right to buy)	09/15/2003	09/15/2015	Common Stock	3,836	$62.0236	D
Stock Option (right to buy)	09/24/2004	09/24/2016	Common Stock	2,527	$69.1376	D
Stock Option (right to buy)	09/24/2004	09/24/2016	Common Stock	25,107	$69.1376	D
Stock Option (right to buy)	09/13/2005	09/13/2012	Common Stock	25,608	$91.325	D

Explanation of Responses:

1. Mariano Martin and Leticia Martin Chocano joint tenants wth right of survivorship.

2. Mariano Martin custodian for Sandra Martin Chocano under the Uniform Gift to Minors Act (UGMA).

3. Mariano Martin custodian for Ignacio Martin Chocano (UGMA).

4. Mariano Martin custodian for Jaime Martin Chocano (UGMA).

5. Mariano Martin custodian for Javier Martin Chocano (UGMA).

6. The Mariano Martin Revocable Living Trust.

7. 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.

8. Higher of $13.75 or market price of Common Stock.

	Mariano Martin	09/19/2003
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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