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JOHNSON & JOHNSON Director's Dealing 2009

Dec 10, 2009

29750_dirs_2009-12-10_c5d1b037-5628-4071-95ad-38b8490a8ccf.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: 2009-12-08

Reporting Person: MULLIN LEO F (Director)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2009-12-08 Phantom Stock Units $ J 72 Acquired Common (72) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 14531 Direct
Common 1200 Indirect

Footnotes

F1: Includes 630 shares held under Issuer's Dividend Reinvestment Program.

F2: The Phantom Stock Units acquired under the Issuer's Non-Employee Director Deferred Fee Plan on December 8, 2009 at $64.48 per share are to be settled in cash upon the Reporting Person's Retirement (with each Phantom Stock Unit representing the fair market value of one share of Common Stock on the settlement date). Alternatively, the cash value represented by the Phantom Stock Units may be transferred by the Reporting Person into an alternative investment account under the Plan at any time.

F3: 1 for 1