MEAD DANA G 4
4 · PFIZER INC · Filed Jul 2, 2009
Insider Transaction Report
Form 4
PFIZER INCPFE
MEAD DANA G
Director
Transactions
- Exercise/Conversion
Common Stock
2009-07-01+41,926→ 51,276 total - Disposition to Issuer
Common Stock
2009-07-01$14.90/sh−41,926$624,697→ 9,350 total - Exercise/Conversion
Phantom Stock Units
2009-07-01−41,926→ 70,534 total→ Common Stock (41,926 underlying)
Footnotes (2)
- [F1]As disclosed in the Company's Proxy Statement in connection with its 2009 Annual Meeting of Shareholders, the transactions that are reported in this Form 4 were effected pursuant to an election made by the reporting person in December 2008 under Section 409A of the Internal Revenue Code ("Section 409A"). Section 409A provided a one-time opportunity to accelerate the payment of compensation that had been deferred in 2005 through 2008 (together with any related earnings). The transactions reported herein consist of the acceleration of the payment, in cash, of compensation that had been deferred by the reporting person in 2005 through 2008 (including dividend equivalents thereon) under certain plans for non-employee directors.
- [F2]Each unit represents one phantom share of common stock.