PFIZER INC — Director's Dealing 2005

Feb 28, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PFIZER INC (PFE)
CIK: 0000078003
Period of Report: 2005-02-24

Reporting Person: SHEDLARZ DAVID L (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-02-24	Common Stock	A	95520	—	Acquired	602820	Direct
2005-02-24	Common Stock	F	43419	$26.20	Disposed	559401	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-02-24	Employee Stock Option (right to buy)	$26.20	A	301000	Acquired	2015-02-26	Common Stock (301000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2098	Indirect
Common Stock	27472	Indirect

Footnotes

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

F2: I hereby disclaim beneficial ownership of all shares held by members of my family.

F3: This option becomes exercisable in 3 equal annual installments beginning on February 24, 2008.