PFIZER INC — Director's Dealing 2006

Aug 24, 2006

SEC Form 3 — Initial Statement of Beneficial Ownership

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

Reporting Person: MONTERO SYLVIA M (Senior Vice President)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	38970	Direct
Common Stock	38045	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Employee Stock Option (right to buy)	$18.35	2007-08-27	Common Stock (5448.00)		Direct
Employee Stock Option (right to buy)	$35.21	2008-08-26	Common Stock (78000.00)		Direct
Employee Stock Option (right to buy)	$42.07	2009-04-21	Common Stock (74550.00)		Direct
Employee Stock Option (right to buy)	$32.94	2010-02-23	Common Stock (30000.00)		Direct
Employee Stock Option (right to buy)	$45.34	2011-02-21	Common Stock (41000.00)		Direct
Employee Stock Option (right to buy)	$41.30	2012-02-27	Common Stock (24000.00)		Direct
Employee Stock Option (right to buy)	$29.33	2013-02-26	Common Stock (31500.00)		Direct
Employee Stock Option (right to buy)	$37.15	2014-02-25	Common Stock (27500.00)		Direct
Employee Stock Option (right to buy)	$26.20	2015-02-23	Common Stock (120200.00)		Direct
Employee Stock Option (right to buy)	$26.20	2016-02-22	Common Stock (126000.00)		Direct
Phantom Stock Units SSP	$		Common Stock (4611.00)		Direct

Footnotes

F1: The option became exercisable in 5 equal annual installments beginning on August 28,1998.

F2: The option became exercisable in 5 equal annual installments beginning on August 28, 1999.

F3: The option became exercisable in 5 equal annual installments beginning on April 22, 2000.

F4: The option became exercisable in 5 equal annual installments beginning on February 24, 2001.

F5: The option became exercisable in 5 equal annual installments beginning on February 22, 2002.

F6: This option became exercisable in 3 equal annual installments beginning on February 28, 2005.

F7: This option became exercisable in 3 equal annual installments beginning on February 27, 2006.

F8: This option becomes exercisable in 3 equal annual installments beginning on February 26, 2007.

F9: This option becomes exercisable in 3 equal annual installments beginning on February 24, 2008.

F10: 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.

F11: Each unit represents one phantom share of common stock.