PFIZER INC — Director's Dealing 2007

Oct 2, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PFIZER INC (PFE)
CIK: 0000078003
Period of Report: 2007-09-28

Reporting Person: DAMELIO FRANK A (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-09-28	Common Stock	A	233600	—	Acquired	234280.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-09-28	Employee Stock Option (right to buy)	$24.43	A	292000	Acquired	2017-09-27	Common Stock (292000.00)	Direct

Footnotes

F1: The reported transaction constitutes the grant of restricted stock units.

F2: One-third of these stock options will vest on each of the first three anniversaries of the grant date if Mr. D'Amelio is employed by the Company on such vesting day.