AI assistant
PFIZER INC — Director's Dealing 2017
Feb 28, 2017
29831_dirs_2017-02-27_d48e648d-53d0-42a5-b303-5db1d6cc55cb.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PFIZER INC (PFE)
CIK: 0000078003
Period of Report: 2017-02-23
Reporting Person: READ IAN C (Director, Chairman & CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2017-02-23 | Common Stock | M | 788835.0000 | $21.0300 | Acquired | 1124093.0000 | Direct |
| 2017-02-23 | Common Stock | F | 201441.0000 | $34.0600 | Disposed | 922652.0000 | Direct |
| 2017-02-23 | Common Stock | F | 381914.0000 | $32.4900 | Disposed | 540738.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2017-02-23 | Stock Appreciation Rights | $21.0300 | M | 788835.0000 | Disposed | 2017-02-23 | Common Stock (788835.0000) | Direct |
| 2017-02-23 | Stock Appreciation Rights | $34.0600 | A | 527597.0000 | Acquired | 2022-02-23 | Common Stock (527597.0000) | Direct |
| 2017-02-23 | Stock Appreciation Rights | $34.0600 | A | 438005.0000 | Acquired | 2024-02-23 | Common Stock (438005.0000) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 10675.0000 | Indirect |
| Common Stock | 410762.0000 | Indirect |
Footnotes
F1: The reported transaction constitutes the earn-out of stock appreciation rights (including dividend equivalents thereon).
F2: The reported transaction constitutes the withholding of shares to satisfy tax obligations in connection with earn-out of stock appreciation rights.
F3: The reported transaction constitutes the withholding of shares to cover payment of exercise price in connection with earn-out of stock appreciation rights (including dividend equivalents thereon).
F4: Under the terms of the settlement of the stock appreciation rights the 20-day average of the closing prices of Pfizer common stock ending on the settlement date is used.
F5: In accordance with the provisions of his Grantor Retained Annuity Trust (GRAT), 69,238 shares were transferred from the GRAT to the reporting person's direct ownership on December 2, 2016.
F6: 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.
F7: The stock appreciation rights, which are subject to certain vesting requirements, will be settled in shares of Pfizer common stock on the seventh anniversary of the date of grant.