Ownership Submission
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, 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 *
  Nemeth Julio N
 2. Date of Event Requiring Statement (Month/Day/Year)
01/01/2015		 3. Issuer Name and Ticker or Trading Symbol
PROCTER & GAMBLE Co [PG]
(Last)
(First)
(Middle)
ONE PROCTER & GAMBLE PLAZA		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President-Global Business Svcs
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

CINCINNATI, OH 45202		 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 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 21,038.2988
D
 
Common Stock 2,356.168
I
By Retirement Plan Trustees

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) 02/28/2009 02/28/2016 Common Stock 9,651 $ 60.5 D  
Stock Option (Right to Buy) 02/28/2010 02/28/2017 Common Stock 14,402 $ 63.49 D  
Stock Option (Right to Buy) 02/28/2011 02/28/2018 Common Stock 12,169 $ 66.18 D  
Stock Option (Right to Buy) 02/27/2012 02/27/2019 Common Stock 7,300 $ 48.17 D  
Stock Option (Right to Buy) 02/26/2013 02/26/2020 Common Stock 15,484 $ 63.28 D  
Stock Option (Right to Buy) 02/28/2014 02/28/2021 Common Stock 13,915 $ 63.05 D  
Stock Option (Right to Buy) 09/15/2014 09/15/2021 Common Stock 2,935 $ 62.78 D  
Stock Option (Right to Buy) 02/28/2015 02/28/2022 Common Stock 22,395 $ 67.52 D  
Stock Option (Right to Buy) 09/14/2015 09/14/2022 Common Stock 2,696 $ 69.16 D  
Stock Option (Right to Buy) 02/28/2016 02/28/2023 Common Stock 24,290 $ 76.18 D  
Stock Option (Right to Buy) 09/13/2016 09/13/2023 Common Stock 14,310 $ 79.05 D  
Stock Option (Right to Buy) 02/28/2017 02/28/2024 Common Stock 43,955 $ 78.66 D  
Stock Option (Right to Buy) 09/15/2017 09/15/2024 Common Stock 14,207 $ 83.87 D  
Series A Preferred Stock   (1)   (1) Common Stock 1,990.3186 $ (1) I By Retirement Plan Trustees

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Nemeth Julio N
ONE PROCTER & GAMBLE PLAZA
CINCINNATI, OH 45202		       President-Global Business Svcs  

Signatures

/s/ Sandra T. Lane, attorney-in-fact for Mr. Nemeth 01/09/2015
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Series A Preferred Stock allocated to Officer's Retirement Plan Account pursuant to formula award provision.

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