PFIZER INC — Director's Dealing 2008

Mar 4, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PFIZER INC (PFE)
CIK: 0000078003
Period of Report: 2008-02-28

Reporting Person: MACKAY MARTIN (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-02-28	Common Stock	A	39508	—	Acquired	156035.00	Direct
2008-02-28	Common Stock	A	5100	—	Acquired	161135.00	Direct
2008-02-28	Common Stock	F	1604	$22.55	Disposed	159531.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-02-28	Stock Appreciation Rights	$22.55	A	159858	Acquired	2013-02-28	Common Stock (159858.00)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8401.00	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.

F3: The stock appreciation rights will be settled in shares of Pfizer common stock on the fifth anniversary of the date of grant