The Phillies confirmed both trades on Tuesday afternoon, mere hours before the trade deadline.
The Phillies traded Pence to the Giants in exchange for outfielder Nate Schierholtz, catcher Tommy Joseph and right-hander Seth Rosin. The Phillies also sent cash considerations to the Giants.
Pence, 29, was acquired by the Phillies on July 29 of last season from the Houston Astros. In 155 games for the Phillies since his acquisition, he batted .289 with 27 doubles, 28 home runs and 94 RBI.
Schierholtz, 28, was hitting .257 with five doubles, five triples, five home runs and 17 RBI in 77 games. A left-handed hitter, Schierholtz has made 37 starts in right field this year.
Joseph, 21, was hitting .260 with eight home runs and 38 RBI in 80 games for double-A Richmond this season.
Rosin, 23, has gone 2-1 with 10 saves and a 4.31 ERA in 34 games (five starts) for single-A San Jose this season.
Earlier, the Phillies announced they had traded center fielder Shane Victorino to the Los Angeles Dodgers in exchange for right-hander Josh Lindblom, right-hander Ethan Martin and a player to be named later or cash.
Victorino, 31, has spent the last eight seasons (2005-12) with the Phillies. In 987 games with the club, he batted .279 with 181 doubles, 63 triples, 88 home runs, 390 RBI and 179 stolen bases. In 46 postseason games, he compiled a .269 batting average with six home runs and 30 RBI. This season, Victorino is hitting .261 with nine home runs, 40 RBI and 24 stolen bases in 101 games. During his time with the Phillies, he was a two-time National League All-Star and a three-time National League Gold Glove Award winner and played in the 2009 World Baseball Classic.
In his final game as a Phillie on Sunday, the Hawaiian native went 3-for-4 with a home run, stolen base and two runs scored against the Atlanta Braves at Turner Field. Originally selected by the Dodgers in the sixth round of the 1999 draft, Victorino was a Rule 5 selection by the Phillies in 2004 from the San Diego Padres.
Lindblom, 25, was 2-2 with a 3.02 ERA in 48 games this season for the Dodgers, holding opposing hitters to a .241 batting average.
Martin, 23, was 8-6 with a 3.58 ERA in 20 starts for double-A Chattanooga.
In other trade news, the Phillies had been reportedly talking to the Orioles about a trade involving Joe Blanton, although it appeared the remaining $3 million on Blanton's contract could kill the deal. The Orioles want Philadelphia to pick up a substantial portion of the contract, which makes little sense to the Phillies if they are getting a lesser prospect in return.
Left-hander Cliff Lee was reported to be in play in the trade market this week. However, ESPN's Jayson Stark - citing multiple sources - reports that the Phillies have halted all trade talk involving Lee.