JOHNSON & JOHNSON — Director's Dealing 2007

Mar 13, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JOHNSON & JOHNSON (JNJ)
CIK: 0000200406
Period of Report: 2007-03-13

Reporting Person: COLEMAN MARY SUE (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-03-13	Phantom Stock Units	$	J	414	Acquired		Common (414)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6035	Direct

Footnotes

F1: Includes 432 shares held in IRA controlled by reporting person and 121 shares under Issuer's Dividend Reinvestment Plan.

F2: The Phantom Stock Units acquired under the Issuer's Non-Employee Director Deferred Fee Plan on March 13, 2007 at $61.88 per share are to be settled in cash upon the Reporting Person's Retirement.

F3: 1 for 1