PFIZER INC — Director's Dealing 2007

Feb 26, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PFIZER INC (PFE)
CIK: 0000078003
Period of Report: 2007-02-22

Reporting Person: WAXMAN ALLEN P (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-02-22	Common Stock	A	11470	—	Acquired	57345.00	Direct
2007-02-22	Common Stock	A	12500	—	Acquired	69845.00	Direct
2007-02-22	Common Stock	F	4225	$25.87	Disposed	65620.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-22	Employee Stock Option (right to buy)	$25.87	A	115000	Acquired	2017-02-21	Common Stock (115000.00)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1369.00	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.