JOHNSON & JOHNSON — Director's Dealing 2009

Mar 12, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JOHNSON & JOHNSON (JNJ)
CIK: 0000200406
Period of Report: 2009-03-10

Reporting Person: MULLIN LEO F (Director)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-03-10	Phantom Stock Units	$	J	90	Acquired		Common (90)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common	13692	Direct
Common	1200	Indirect

Footnotes

F1: Includes 403 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 March 10, 2009 at $47.00 per share are to be settled in cash upon the Reporting Person's Retirement.

F3: 1 for 1