JOHNSON & JOHNSON — Director's Dealing 2003

Jun 11, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JOHNSON & JOHNSON (JNJ)
CIK: 0000200406
Period of Report: 2003-06-10

Reporting Person: CULLEN JAMES (Director)

Footnotes

F1: Fictitious date inserted to facilitate filing of report.

F2: Reporting person has no new non-derivative transactions to report. "0" or "J" inserted to facilitate filing of report.

F3: Includes 41 shares acquired under Issuer's Dividend Reinvestment Plan.

F4: As previously reported, 30,000 shares of Common Stock are held indirectly by a Family LP and a Family Foundation. The reporting person disclaims beneficial ownership of these securities and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or any other purpose.

F5: The Phantom Stock Units were acquired under the Issuer's Non-Employee Director Deferred Fee Plan on June 10, 2003 at $52.67 per share and are to be settled in cash upon the Reporting Person's Retirement.

F6: 1 for 1