UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Marina v.N. Whitman
The University of Michigan
411 Lorch Hall, 611 Tappan Street
MI, Ann Arbor 48109-1220
2. Issuer Name and Ticker or Trading Symbol
The Procter and Gamble Company (PG)
3. IRS or Social Security Number of Reporting Person (Voluntary)
N/A
4. Statement for Month/Year
11/19/2002
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
(X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
7. Individual or Joint/Group Filing (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
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Common Stock |11/18/|S | |3800 |D |86.16 | |D | |
| 2002 | | | | | | | | |
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Common Stock |11/18/|S | |230 |D |86.19 | |D | |
| 2002 | | | | | | | | |
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Common Stock |11/19/|M | |2015 |A |32.8707 1 | |D | |
| 2002 | | | | | | | | |
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Common Stock |11/19/|M | |2015 |A |40.5924 1 |7445 |D | |
| 2002 | | | | | | | | |
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
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Stock Option (right to|$33.125 |11/19|M | |2015 |D |2/28/|2/28/|Common Stock|2015 |3 |0 |D | |
buy) |2 |/ 200| | | | |96 |05 | | | | | | |
| |2 | | | | | | | | | | | | |
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Stock Option (right to|$40.9063|11/19|M | |2015 |D |3/1/9|3/1/0|Common Stock|2015 |3 |0 |D | |
buy) | 2 |/ 200| | | | |7 |6 | | | | | | |
| |2 | | | | | | | | | | | | |
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| | | | | | | | | | | | | | |
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Explanation of Responses:
1. Due to the spin-off of a portion of Issuer's business, reporting person's
stock option exercerise price was adjusted, pursuant to the anti-dilution
provisions of Issuer's stock option plan, in order to preserve the pre-spin-off
value of the option.
2. Original exercise price before adjustment for spin-off, as indicated in
Footnote 1 above.
3. Director stock option granted under the 1993 Non-Employee Directors' Stock
Plan.