PFIZER INC — Director's Dealing 2011

Mar 1, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PFIZER INC (PFE)
CIK: 0000078003
Period of Report: 2011-02-24

Reporting Person: RICCIARDI NATALE S (Senior Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-02-24	Common Stock	A	10323.0000	$0.0000	Acquired	398951.0000	Direct
2011-02-24	Common Stock	A	5512.0000	$0.0000	Acquired	404463.0000	Direct
2011-02-24	Common Stock	F	1961.0000	$18.9000	Disposed	402502.0000	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2298.0000	Indirect
Common Stock	52223.0000	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 Share Awards (including dividend equivalents thereon).

F3: The reported transaction constitutes the withholding of shares to satisfy tax obligations upon the earn-out of Performance Share Awards (including dividend equivalents thereon).

F4: The reporting person disclaims beneficial ownership of the shares held by his daughters.