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JOHNSON & JOHNSON Director's Dealing 2009

Jul 2, 2009

29750_dirs_2009-07-02_def88c73-192c-4174-b9a4-96d2baa0bb5f.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: 2009-06-30

Reporting Person: Caruso Dominic J (Chief Financial Officer)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2009-06-30 Common Stock J 3 Acquired 27 Indirect

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2009-06-30 Phantom Stock Units $ A 36 Acquired Common Stock (36) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 15369 Direct
Common Stock 225 Indirect

Footnotes

F1: Shares acquired in the Johnson & Johnson Stock Fund under the Johnson & Johnson 401(k) Savings Plan as of Plan's most recent reporting date (06/30/2009).

F2: Shares held by ESOP under the Johnson & Johnson 401(k) Savings Plan as of Plan's most recent reporting date (06/30/2009).

F3: The Phantom Stock converts into common stock on a one-for-one basis.

F4: The Phantom Stock Units acquired under the Issuer's Executive Income Deferral Plan on June 30, 2009 at $56.52 per share are to be settled in cash upon the Reporting Person's Retirement.