PFIZER INC — Director's Dealing 2006

Feb 24, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PFIZER INC (PFE)
CIK: 0000078003
Period of Report: 2006-02-23

Reporting Person: KATEN KAREN L (Vice Chairman)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-02-23	Common Stock	A	47470	—	Acquired	808801.00	Direct
2006-02-23	Common Stock	A	127260	—	Acquired	936061.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-02-23	Employee Stock Option (right to buy)	$26.20	A	500000	Acquired	2016-02-22	Common Stock (500000.00)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	63268.00	Indirect

Footnotes

F1: The reported transaction constitutes the grant of Restricted Stock Units.

F2: The reported transaction constitutes the earn-out of Performance-Contingent Shares.