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) December 20, 1996
THE PROCTER & GAMBLE COMPANY
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(Exact name of registrant as specified in its charter)
Ohio 1-434 31-0411980
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(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification
incorporation) Number)
One Procter & Gamble Plaza, Cincinnati, Ohio 45202
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (513) 983-1100
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ITEM 9. SALES OF EQUITY SECURITIES PURSUANT TO REGULATIONS
On December 18, 1996 The Procter & Gamble Company (the "Company")
sold 23,479 shares of the Company's common stock to employees of
subsidiaries of the Company for approximately $2,493,329 in reliance on
Regulation S.
No underwriter or placement agent was used.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this Report to be singed on its behalf by
the undersigned hereunto duly authorized.
THE PROCTER & GAMBLE COMPANY
/s/TERRY L. OVERBEY
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Terry L. Overbey, Secretary
December 20, 1996
