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JOHNSON & JOHNSON Director's Dealing 2010

Apr 9, 2010

29750_dirs_2010-04-09_d566ccab-4204-472a-8960-db4128259f43.zip

Director's Dealing

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SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: TENGION INC (TNGN)
CIK: 0001296391
Period of Report: 2010-04-09

Reporting Person: JOHNSON & JOHNSON (10% Owner)
Reporting Person: JOHNSON & JOHNSON DEVELOPMENT CORP ET AL (10% Owner)

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 39601 Indirect

Holdings (Derivative)

Security Exercise Price Expiration Underlying Shares Ownership
Series A Preferred Stock $ Common Stock (342183) Indirect
Series B Preferred Stock $ Common Stock (149159) Indirect
Series C Preferred Stock $ Common Stock (263711) Indirect

Footnotes

F1: The securities reported as being indirectly beneficially owned by the designated Reporting Person are directly beneficially owned by Johnson & Johnson Development Corporation, a wholly-owned subsidiary of the designated Reporting Person.

F2: There is no expiration date applicable to the Series A, Series B or Series C Preferred Stock. Subject to certain conditions, immediately prior to the closing of the Issuer's initial public offering each share of Series A, Series B and Series C Preferred Stock will automatically convert into shares of Common Stock on a 14.5-for-1 basis, for no additional consideration.