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PILOT ADVISORS LP
> PFE
| Date | Name | Ticker | Shares | Change | Value | Change | Price |
| 03/31/2012 | PFIZER INC | PFE | 410,498 | -939,239 | 9,296,000 | -14,567,000 | $22.65 |
| 12/31/2011 | PFIZER INC | PFE | 1,164,842 | -184,895 | 25,207,000 | 1,344,000 | $21.64 |
| 09/30/2011 | PFIZER INC | PFE | 1,349,737 | 911,792 | 23,863,000 | 14,841,000 | $17.68 |
| 06/30/2011 | PFIZER INC | PFE | 437,945 | -82,800 | 9,022,000 | -1,554,000 | $20.60 |
| 03/31/2011 | PFIZER INC | PFE | 520,745 | 36,425 | 10,576,000 | 2,096,000 | $20.31 |
| 12/31/2010 | PFIZER INC | PFE | 484,320 | 484,320 | 8,480,000 | 8,480,000 | $17.51 |
| 06/30/2009 | PFIZER INC | PFE | 0 | -144,835 | 0 | -1,973,000 | |
| 03/31/2009 | PFIZER INC | PFE | 144,835 | -602,164 | 1,973,000 | -11,256,000 | $13.62 |
| 12/31/2008 | PFIZER INC | PFE | 746,999 | -411,761 | 13,229,000 | -8,138,000 | $17.71 |
| 09/30/2008 | PFIZER INC | PFE | 1,158,760 | -598,390 | 21,367,000 | -9,330,000 | $18.44 |
| 06/30/2008 | PFIZER INC | PFE | 1,757,150 | 1,409,950 | 30,697,000 | 23,430,000 | $17.47 |
| 03/31/2008 | PFIZER INC | PFE | 347,200 | 347,200 | 7,267,000 | 7,267,000 | $20.93 |
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