PFIZER INC — Director's Dealing 2011

Dec 20, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PFIZER INC (PFE)
CIK: 0000078003
Period of Report: 2011-12-15

Reporting Person: LANKLER DOUGLAS M (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-16	Common Stock	I	1868.0000	$21.0300	Disposed	0.0000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-12-15	Phantom Stock Units SSP	$	A	95.0000	Acquired		Common Stock (95.0000)	Direct
2011-12-16	Phantom Stock Units SSP	$	I	9271.0000	Disposed		Common Stock (9271.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	113856.0000	Direct

Footnotes

F1: This transaction constitutes an intra-plan transfer involving the Pfizer stock fund under the Company's Qualified Savings Plan.

F2: Each unit represents one phantom share of common stock.

F3: These units, which were acquired pursuant to the Pfizer Inc. Nonfunded Deferred Compensation and Supplemental Savings Plan, are settled in cash following the reporting person's separation from service and may be transferred by the reporting person into an alternative investment account at any time.

F4: This transaction constitutes an intra-plan transfer involving the Pfizer stock unit fund under the Pfizer stock unit fund under the Pfizer Inc. Nonfunded Deferred Compensation and Supplemental Savings Plan.