PFIZER INC — Director's Dealing 2004

Mar 1, 2004

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PFIZER INC (PFE)
CIK: 0000078003
Period of Report: 2004-02-26

Reporting Person: KINDLER JEFFREY B (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-02-26	Common Stock	A	23100	—	Acquired	48600	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-02-26	Employee Stock Option (right to buy)	$37.15	A	225000	Acquired	2014-02-26	Common Stock (225000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1264	Indirect

Footnotes

F1: The reported transaction constitutes the earn-out of Performance-Contingent Shares.

F2: This option becomes exercisable in three equal annual installments beginning on February 26, 2007.