PFIZER INC — Director's Dealing 2011

Apr 5, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PFIZER INC (PFE)
CIK: 0000078003
Period of Report: 2011-04-01

Reporting Person: LORCH GEORGE A (Director, Non-Executive Chairman)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-04-01	Phantom Stock Units	$	A	3640.0000	Acquired		Common Stock (3640.0000)	Direct

Footnotes

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

F2: These units represent the deferred portion of Mr. Lorch?s compensation as Non-Executive Chairman of the Board (including dividend equivalents thereon) that will be settled in cash or common stock at his election following his retirement from the Board of Directors.