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: LANGBO ARNOLD G (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-03-13	Phantom Stock Units	$	J	701	Acquired		Common (701)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common	4748	Direct
Common	185	Indirect
Common	900	Indirect
Common	700	Indirect

Footnotes

F1: 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.

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