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 *
Geissler Werner
  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)
Vice Chairman - GO
(Last)
(First)
(Middle)
ONE PROCTER & GAMBLE PLAZA
3. Date of Earliest Transaction (Month/Day/Year)
01/13/2009
(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 01/13/2009   M   237 A $ 59.655 159,236.9636 (1) D  
Common Stock 01/13/2009   F   237 D $ 59.655 158,999.9636 D  
Common Stock               4,533.403 I By Retirement Plan Trustees
Common Stock               1,983 I By Spouse

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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
Restricted Stock Units (2) 01/13/2009   A   1,649     (3)   (3) Common Stock 1,649 $ 0 (4) 1,649 D  
Restricted Stock Units (2) 01/13/2009   M     237   (5)   (5) Common Stock 237 $ 0 (4) 1,412 D  
Series A Preferred Stock $ 0 (6)               (7)   (7) Common Stock 369.8577   369.8577 (8) I By Retirement Plan Trustees

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Geissler Werner
ONE PROCTER & GAMBLE PLAZA
CINCINNATI, OH 45202
      Vice Chairman - GO  

Signatures

 /s/ Susan S. Whaley, Attorney-in-Fact for WERNER GEISSLER   01/15/2009
**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) Reflects adjusted balance after deducting common shares that were inadvertently contributed to retirement account.
(2) Each restricted stock unit represents a contingent right to receive one share of Procter & Gamble common stock.
(3) These units will deliver in shares one year following retirement from the company, unless delivery is deferred or such shares are contributed to reporting person's deferred compensation account.
(4) RSU's allocated pursuant to Retirement Plan provisions.
(5) Converted on 1/13/09 to common stock to cover taxes withheld on grant of RSUs.
(6) Higher of $6.82 (adjusted for 2-for-1 stock split effective May 21, 2004) or market price of common stock.
(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) Holdings as of 1/13/09. Reflects adjusted balance after deducting preferred shares that were inadvertently contributed to retirement account.

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