PFIZER INC — Director's Dealing 2010

Mar 2, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PFIZER INC (PFE)
CIK: 0000078003
Period of Report: 2010-02-25

Reporting Person: READ IAN C (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-02-25	Common Stock	A	84959	—	Acquired	562254	Direct
2010-02-25	Common Stock	A	4581	—	Acquired	566835	Direct
2010-02-25	Common Stock	F	1617	$17.69	Disposed	565218	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-02-25	Stock Appreciation Rights	$17.69	A	197072	Acquired	2015-02-25	Common Stock (197072)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6272	Indirect

Footnotes

F1: The reported transaction constitutes the grant of restricted stock units, which are subject to certain vesting requirements.

F2: The reported transaction constitutes the earn-out of Performance-Contingent Shares.

F3: The reported transaction constitutes the withholding of shares to satisfy tax obligations upon the earn-out of Performance-Contingent Shares.

F4: The stock appreciation rights, which are subject to certain vesting requirements will be settled in shares of Pfizer common stock on the fifth anniversary of the date of grant.