JOHNSON & JOHNSON — Director's Dealing 2003

Jul 2, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JOHNSON & JOHNSON (JNJ)
CIK: 0000200406
Period of Report: 2003-06-03

Reporting Person: POON CHRISTINE A (Executive Committee Member)

Footnotes

F1: Shares acquired under Johnson & Johnson's 401(k) and ESOP Savings Plans at Plan's most recent reporting date (06/30/2003).

F2: The reporting person beneficially and directly owns 44,087 shares of Common Stock, which includes 1,201 shares acquired by reinvestment of dividends under the DRIP, previously unreported.

F3: As previously reported, 572 shares of common stock, representing reporting person's Pro-Rata Share of Partnership's Holdings, are held by Limited Parrtnership with Family Members