JOHNSON & JOHNSON — Director's Dealing 2009

Nov 25, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JOHNSON & JOHNSON (JNJ)
CIK: 0000200406
Period of Report: 2009-11-23

Reporting Person: LANGBO ARNOLD G (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-11-23	Common	M	2200	$46.33	Acquired	8770	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-11-23	Non-Employee Director Stock Options (Right to Buy)	$46.33	M	2200	Disposed	2009-12-31	Common Stock (2200)	Direct

Holdings (Non-Derivative)

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

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock Units	$		Common (0)	50642	Direct

Footnotes

F1: Adjusted to reflect two-for-one stock split in 2001.

F2: 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.

F3: The Phantom Stock Units held under the Issuer's Non-Employee Director Deferred Fee Plan 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.

F4: 1 for 1

F5: Awarded under the Stock Option Plan for Non-Employee Directors and exercisable in full one year from date of grant.