BECTON DICKINSON & CO — Director's Dealing 2015

May 20, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BECTON DICKINSON & CO (BDX)
CIK: 0000010795
Period of Report: 2015-05-18

Reporting Person: KOZY WILLIAM A (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-05-18	Common Stock	M	7256	$84.33	Acquired	80964	Direct
2015-05-18	Common Stock	D	4309	$142.00	Disposed	76655	Direct
2015-05-18	Common Stock	S	2947	$142.00	Disposed	73708	Direct
2015-05-19	Common Stock	M	10901	$84.33	Acquired	84609	Direct
2015-05-19	Common Stock	D	6474	$142.01	Disposed	78135	Direct
2015-05-19	Common Stock	S	4427	$142.01	Disposed	73708	Direct
2015-05-19	Common Stock	M	5467	$62.50	Acquired	79175	Direct
2015-05-19	Common Stock	D	2406	$142.01	Disposed	76769	Direct
2015-05-19	Common Stock	S	3061	$142.01	Disposed	73708	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-05-18	Stock Appreciation Rights	$84.33	M	7256	Disposed	2017-11-20	Common Stock (7256)	Direct
2015-05-19	Stock Appreciation Rights	$84.33	M	10901	Disposed	2017-11-20	Common Stock (10901)	Direct
2015-05-19	Stock Appreciation Rights	$62.50	M	5467	Disposed	2018-11-28	Common Stock (5467)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	44224	Indirect
Common Stock	12021	Indirect

Footnotes

F1: Includes rights acquired through dividend reinvestment since the last report filed by the reporting person and shares transferred from GRAT.

F2: The reported sale price reflects the weighted average sale price for multiple transactions. The actual sales prices for the transactions ranged from $142.00 through $142.06. Full information regarding the number of shares purchased at each separate price will be provided to the Securities and Exchange Commission, the issuer or a security holder of the issuer upon request.

F3: The reported sale price reflects the weighted average sale price for multiple transactions. The actual sales prices for the transactions ranged from $142.00 through $142.11. Full information regarding the number of shares purchased at each separate price will be provided to the Securities and Exchange Commission, the issuer or a security holder of the issuer upon request.

F4: Represents shares of common stock held under the Becton, Dickinson and Company Savings Incentive Plan (the "SIP"). The information presented for the SIP is as of April 30, 2015.

F5: The stock appreciation rights vest in four annual installments beginning November 20, 2008.

F6: The stock appreciation rights vest in four annual installments beginning November 28, 2009.