JOHNSON & JOHNSON - Director's Dealing 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JOHNSON & JOHNSON (JNJ)
CIK: 0000200406
Period of Report: 2007-02-12

Reporting Person: Caruso Dominic J (Chief Financial Officer)

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-02-12	Employee Stock Option (Right to Buy)	$65.62	A	41146	Acquired	2017-02-10	Common Stock (41146)	Direct
2007-02-12	Restricted Share Units	$	A	3429	Acquired		Common Stock (3429)	Direct

Security	Shares	Ownership
Common Stock	8987	Direct
Common Stock	236	Indirect

F1: Shares acquired under Johnson & Johnson's 401(k) and ESOP Savings Plans as of Plans' most recent reporting date (01/31/2007).

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.