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: READ IAN C (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-09-28	Common Stock	A	4318	—	Acquired	243045.00	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	25000	Acquired	2017-09-27	Common Stock (25000.00)	Direct
2007-09-28	Phantom Stock Units SSP	$	A	186	Acquired		Common Stock (186.00)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3985.00	Indirect

Footnotes

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

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 may be transferred by the reporting person into an alternative investment account at any time.