X0202 4 2006-08-31 0001110783 MONSANTO CO /NEW/ MON 0001189403 MIZELL STEVEN 800 N. LINDBERGH BLVD. ST. LOUIS MO 63167 0 1 0 0 Sr. VP Human Resources Common Stock 2006-08-31 4 F 0 1679 46.98 D 18069 D Common Stock 791 I By 401(k) Plan Option (Right to Buy) 16.4575 2005-05-15 2015-05-14 Common Stock 7080 D Option (Right to Buy) 20.805 2005-11-15 2014-10-28 Common Stock 42066 D Option (Right to Buy) 29.2175 2006-11-15 2015-10-28 Common Stock 44940 D Phantom Share Units Common Stock 1926 D Phantom Share Units Common Stock 790 D On August 31, 2006, 4,720 restricted stock units became fully vested for which taxes became due and payable. 1,679 restricted stock units were used for the payment of these taxes. Holdings reflect a 2-for-1 split of Monsanto Company common stock on July 28, 2006. Exercise price has been adjusted to reflect a 2-for-1 split of Monsanto Company common stock on July 28, 2006. One third of the options became exercisable on May 15, 2005, one-third of the options became exercisable on May 15, 2006 and one-third of the options become exercisable on May 15, 2007, subject to the terms and conditions of the Monsanto Company Long Term Incentive Plan. No transaction is reported on this Form 4 for these securities. One third of the options became exercisable on November 15, 2005, one-third of the options become exercisable on November 15, 2006 and one-third of the options become exercisable on November 15, 2007, subject to the terms and conditions of the Monsanto Company Long Term Incentive Plan. One third of the options become exercisable on November 15, 2006, one-third of the options become exercisable on November 15, 2007 and one-third of the options become exercisable on November 15, 2008, subject to the terms and conditions of the Monsanto Company Long Term Incentive Plan. 1 for 1 The reported phantom share units were acquired under Monsanto Company's deferred payment plan and are to be settled in the month of January following the reporting person's retirement. The reported phantom share units were acquired under Monsanto Company's excess benefit plan and are to be settled upon the reporting person's retirement or other termination of service. Christopher A. Martin, Attorney-in-Fact 2006-09-05