JOHNSON & JOHNSON — Director's Dealing 2003

Jun 3, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JOHNSON & JOHNSON (JNJ)
CIK: 0000200406
Period of Report: 2003-05-30

Reporting Person: LENEHAN JAMES T (Director, Vice Chairman)

Footnotes

F1: As previously reported, 192,572 shares of Common Stock are held directly by reporting person.

F2: As previously reported, 1,075 shares of Common Stock are held in custody for Reporting Person's son. 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 for any other purpose.

F3: Shares acquired under Johnson & Johnson's 401(k) and ESOP Savings Plans at prices ranging from $53.09 to $56.34.

F4: The Phantom Stock Units were acquired under the Issuer's Executive Income Deferral Plan on May 30, 2003 at $53.68 per share and are to be settled in cash upon the Reporting Person's Retirement.

F5: 1 for 1

F6: Fictitious date inserted to facilitate filing of report.