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PFIZER INC Director's Dealing 2006

Aug 24, 2006

29831_dirs_2006-08-24_fba44231-bbc8-4f37-9d35-f8854c2f87f7.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: PFIZER INC (PFE)
CIK: 0000078003
Period of Report: 2006-08-15

Reporting Person: WAXMAN ALLEN P (Senior Vice President)

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 45038 Direct
Common Stock 1206 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Employee Stock Option (right to buy) $31.11 2012-12-31 Common Stock (35000.00) Direct
Employee Stock Option (right to buy) $37.15 2014-02-25 Common Stock (55000.00) Direct
Employee Stock Option (right to buy) $26.20 2015-02-23 Common Stock (45000.00) Direct
Employee Stock Option (right to buy) $26.20 2016-02-22 Common Stock (90000.00) Direct
Phantom Stock Units SSP $ Common Stock (2899.00) Direct

Footnotes

F1: This option becomes exercisable in 3 equal annual installments beginning on February 26, 2007.

F2: This option becomes exercisable in 3 equal annual installments beginning on February 24, 2008.

F3: These units, which were acquired pursuant to the Pfizer Inc. Nonfunded Deferred Compensation and Supplemental Savings Plan, are settled in cash following the reporting person's separation from service and, subject to certain conditions, may be transferred by the reporting person into an alternative investment account at any time.

F4: Each unit represents one phantom share of common stock.