JOHNSON & JOHNSON - Director's Dealing 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JOHNSON & JOHNSON (JNJ)
CIK: 0000200406
Period of Report: 2006-02-13

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

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-01-31	Common	J	101	—	Acquired	863	Indirect

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-02-13	Employee Stock Option (Right to Buy)	$58.34	A	128557	Acquired	2016-02-12	Common Stock (128557)	Direct
2006-02-13	Restricted Share Units	$	A	10713	Acquired		Common Stock (10713)	Direct

Security	Shares	Ownership
Common	16109	Direct

F1: Shares acquired under Johnson & Johnson's 401(k) and ESOP Savings Plans at Plans' most recent reporting date (01/31/2006).

F2: Awarded under Issuer's Long-Term Incentive Plan.

F3: Each restricted share unit represents a contingent right to receive one share of Company common stock.

F4: The restricted share units vest three years after date of grant.