PFIZER INC — Director's Dealing 2006

Aug 1, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PFIZER INC (PFE)
CIK: 0000078003
Period of Report: 2006-07-31

Reporting Person: KINDLER JEFFREY B (Director, Chief Executive Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-07-31	Employee Stock Option (right to buy)	$26.29	A	500000	Acquired	2016-07-30	Common Stock (500000.00)	Direct

Footnotes

F1: The options will become exercisable upon the fifth anniversary of the date of grant, provided, however, that the options may not be exercised unless and until the average closing price of Pfizer common stock for 20 consecutive trading days exceeds 150% of the exercise price.