JOHNSON & JOHNSON — Director's Dealing 2006

Feb 22, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JOHNSON & JOHNSON (JNJ)
CIK: 0000200406
Period of Report: 2006-02-17

Reporting Person: PETERSON PER A (Executive Committee Member)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-02-17	Common	A	1907	—	Acquired	30195	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common	772	Indirect

Footnotes

F1: Awarded under Issuer's Executive Incentive Plan.

F2: Shares held under Johnson & Johnson's 401(k) and ESOP Savings Plans as of Plans' most recent reporting date (01/31/2006).