PFIZER INC — Director's Dealing 2009

Mar 3, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PFIZER INC (PFE)
CIK: 0000078003
Period of Report: 2009-02-26

Reporting Person: SCHULMAN AMY W (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-02-26	Common Stock	A	33911	—	Acquired	140685.00	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-02-26	Stock Appreciation Rights	$12.70	A	111940	Acquired	2014-02-26	Common Stock (111940.00)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	432.00	Indirect
Common Stock	300.00	Indirect

Footnotes

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

F2: I hereby disclaim beneficial ownership of all shares held by members of my family.

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