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JOHNSON & JOHNSON Director's Dealing 2010

Aug 4, 2010

29750_dirs_2010-08-04_477e7c65-6aac-4f11-b594-82a4ef51e98c.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: 2010-08-02

Reporting Person: WELDON WILLIAM C (Director, Chairman/CEO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2010-08-02 Common M 1900 $50.69 Acquired 259360 Direct

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2010-08-02 Employee Stock Option (Right to Buy) $50.69 M 1900 Disposed 2010-11-29 Common Stock (1900) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common 32582 Indirect
Common 121777 Indirect

Footnotes

F1: Adjusted to reflect addition of 26,329 share formerly held by GRAT.

F2: Adjusted to reflect two-for-one stock split in 2001.

F3: 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.

F4: Adjusted to reflect deduction of 26,329 shares which were transferred into directly held shares.

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