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JOHNSON & JOHNSON Director's Dealing 2009

Nov 24, 2009

29750_dirs_2009-11-24_024f056f-dd3e-47d8-bb36-3ac66975d105.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: 2009-11-23

Reporting Person: DEYO RUSSELL C (VP, General Counsel)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2009-11-23 Common M 1800 $50.08 Acquired 113833 Direct
2009-11-24 Common Stock M 98200 $50.08 Acquired 212033 Direct
2009-11-24 Common Stock S 98200 $62.91 Disposed 113833 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2009-11-23 Employee Stock Option (Right to Buy) $50.08 M 1800 Disposed 2009-12-01 Common Stock (1800) Direct
2009-11-24 Employee Stock Option (Right to Buy) $50.08 M 98200 Disposed 2009-12-01 Common Stock (98200) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common 6344 Indirect
Common 1703 Indirect
Common 9186 Indirect
Common 2017 Indirect
Common 2394 Indirect
Common 7131 Indirect

Footnotes

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

F2: This transaction was executed in multiple trades at prices ranging from $62.83 to $63.02. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F3: Shares held in the Johnson & Johnson Stock Fund under the 401(k) Savings Plan as of Plan's most recent reporting date (10/31/2009).

F4: Shares held by ESOP under Johnson & Johnson's 401(k) Savings Plan as of Plan's most recent reporting date (10/31/2009).

F5: 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.

F6: Awarded under Issuer's Stock Option Plan and exercisable in full starting three years from date of grant.