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JOHNSON & JOHNSON Director's Dealing 2008

Jun 11, 2008

29750_dirs_2008-06-11_6b2fe130-2fba-44c2-8c46-6f4ef306ad99.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JOHNSON & JOHNSON (JNJ)
CIK: 0000200406
Period of Report: 2008-06-10

Reporting Person: SATCHER DAVID (Director)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2008-06-10 Phantom Stock Units $ J 264 Acquired Common (264) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common 7267 Direct

Footnotes

F1: The Phantom Stock Units acquired under the Issuer's Non-Employee Director Deferred Fee Plan on June 10, 2008 at $65.72 per share are to be settled in cash upon the Reporting Person's Retirement.

F2: 1 for 1