JOHNSON & JOHNSON — Director's Dealing 2005

Feb 16, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JOHNSON & JOHNSON (JNJ)
CIK: 0000200406
Period of Report: 2005-02-14

Reporting Person: DORMER MICHAEL J (Member, Executive Committee)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-02-14	Common	A	1457	—	Acquired	16109	Direct
2005-01-31	Common	J	145	—	Acquired	762	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-02-14	Employee Stock Option (Right to Buy)	$66.18	A	110000	Acquired	2015-02-13	Common (110000)	Direct

Footnotes

F1: Awarded under Issuer's Stock Compensation Plan.

F2: Shares acquired under Johnson & Johnson's 401(k) and ESOP Savings Plans at Plans' most recent reporting date (01/31/2005).

F3: Awarded under Issuer's Stock Option Plan.