PFIZER INC — Director's Dealing 2008

Sep 30, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PFIZER INC (PFE)
CIK: 0000078003
Period of Report: 2008-09-26

Reporting Person: KILTS JAMES M (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-09-26	Phantom Stock Units	$	A	1502	Acquired		Common Stock (1502.00)	Direct

Footnotes

F1: Each unit represents one phantom share of common stock.

F2: These units represent deferred director's compensation (including dividend equivalents thereon) that are settled in cash following the reporting person's retirement from the Board of Directors.