PFIZER INC — Director's Dealing 2006

Aug 17, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: LEVIN ALAN G (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-08-16	Common Stock	M	35718	$12.42	Acquired	401547.00	Direct
2006-08-16	Common Stock	S	32400	$26.38	Disposed	369147.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-08-16	Employee Stock Option (right to buy)	$12.42	M	35718	Disposed	2006-08-21	Common Stock (35718.00)	Direct
2006-08-15	Phantom Stock Units SSP	$	A	772	Acquired		Common Stock (772.00)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	18520.00	Indirect

Footnotes

F1: The option became exercisable in 5 equal annual installments beginning on August 22,1997.

F2: Each unit represents one phantom share of common stock.

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.