SEC Form 4 · accession 0001225208-18-004457
PFIZER INC · PFE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mikael Dolsten
Officer — President R&D
Period of report
Feb 23, 2018
Accepted (ET)
Feb 27, 2018 · 7:32 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000078003
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 24, 2018 | M | 174,081 | $18.90 | A | 225,265 | D | |
| Common StockF2,F3 | Feb 24, 2018 | F | 53,949 | $36.26 | D | 171,316 | D | |
| Common StockF4,F5 | Feb 24, 2018 | F | 55,544 | $35.98 | D | 115,772 | D | |
| Common Stock | holding | — | — | — | 1,573 | I | By Rule 16b-3 Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Phantom Stock UnitsF6,F7 | — | Feb 23, 2018 | I | 16,547 | D | — | — | Common Stock | 16,547 | 123,093 | D |
| Stock Appreciation Rights | $18.90 | Feb 24, 2018 | M | 174,081 | D | Feb 24, 2018 | Feb 24, 2018 | Common Stock | 174,081 | 0 | D |
Explanation of responses
- F1The reported transaction constitutes the earn-out of stock appreciation rights (including dividend equivalents thereon).
- F2The reported transaction constitutes the withholding of shares to satisfy tax obligations in connection with earn-out of stock appreciation rights.
- F3Price is the closing price of Pfizer common stock on February 23, 2018
- F4The 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).
- F5Under 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.
- F6Each unit represents one phantom share of common stock.
- F7The units, held under the Deferred Compensation 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.