JOHNSON & JOHNSON — Director's Dealing 2009

Sep 11, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JOHNSON & JOHNSON (JNJ)
CIK: 0000200406
Period of Report: 2009-09-10

Reporting Person: Casey Donald M Jr. (Member, Executive Committee)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-09-10	Common Stock	M	13800	$35.74	Acquired	36336	Direct
2009-09-10	Common Stock	S	13800	$60.68	Disposed	22536	Direct
2009-08-31	Common Stock	J	37	—	Acquired	170	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-09-10	Employee Stock Option (Right to Buy)	$35.74	M	13800	Disposed	2010-02-24	Common Stock (13800)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1322	Indirect
Common Stock	20932	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 $60.68 to $60.6810. 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 acquired in the Johnson & Johnson Stock Fund under Johnson & Johnson's 401(k) Savings Plan as of Plan's most recent reporting date (08/31/2009).

F4: Shares held by ESOP under Johnson & Johnson's 401(k) Savings Plan as of Plan's most recent reporting date (08/31/2009).

F5: Awarded under Issuer's Stock Option Plan and exercisable in full starting three years from date of grant.