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

1. Name and Address of Reporting Person *

Francisco Ma. Fatima
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)
CEO - Baby & Feminine Care
(Last)          (First)          (Middle)

ONE PROCTER & GAMBLE PLAZA
3. Date of Earliest Transaction (MM/DD/YYYY)

11/20/2019
(Street)

CINCINNATI, OH 45202
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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 11/20/2019  M  25 A$121.9525 8610.081 (1)D  
Common Stock 11/20/2019  F  25 (2)D$121.9525 8585.081 D  
Common Stock         11247.303 (3)I By Retirement Plan Trustee 
Common Stock         7589.0471 (3)I By Spouse, By Retirement Plan Trustees 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security3. Trans. Date3A. Deemed Execution Date, if any4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date7. Title and Amount of Securities Underlying Derivative Security
(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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Series A Preferred Stock  (4)9/30/2019  A   V 145.9444     (5) (5)Common Stock 145.9444 $0 2994.9333 I By Retirement Plan Trustee 
Series A Preferred Stock  (4)9/30/2019  A   V 85.7092     (5) (5)Common Stock 85.7092 $0 2050.9022 I By Spouse, By Retirement Plan Trustee 
Restricted Stock Units  (6)11/15/2019  A   V 15.495     (7) (7)Common Stock 15.495 $0 76.421 D  
Restricted Stock Units  (8)11/20/2019  M     25   (7) (7)Common Stock 25 $0 626 D  

Explanation of Responses:
(1) Total includes grant of dividend equivalents in the form of Restricted Stock Units (RSU's) settled in common stock.
(2) Shares withheld to cover taxes on previous Restricted Stock Unit grant.
(3) Reflects adjustment to PST through September 30, 2019.
(4) Higher of $6.82 (adjusted for 2-for-1 stock split effective May 21, 2004) or market price of Common Stock.
(5) 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.
(6) Dividend equivalents in the form of Restricted Stock Units (RSUs) previously awarded pursuant to issuer's retirement program. All such RSUs represent a contingent right to receive Procter & Gamble common stock.
(7) These units will deliver in shares on retirement from the company, unless delivery is deferred or such shares are contributed to reporting person's deferred compensation account.
(8) Retirement award in the form of Restricted Stock Units which represent the contingent right to receive P&G common stock or cash settlement. Amount and price computed per benefit formula for plan year ended 6/30/19.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Francisco Ma. Fatima
ONE PROCTER & GAMBLE PLAZA
CINCINNATI, OH 45202


CEO - Baby & Feminine Care

Signatures
/s/ Sandra T. Lane, Attorney-In-Fact for Ma. Fatima Francisco11/22/2019
**Signature of Reporting PersonDate

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