JOHNSON & JOHNSON — Director's Dealing 2010

Feb 10, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JOHNSON & JOHNSON (JNJ)
CIK: 0000200406
Period of Report: 2010-02-08

Reporting Person: COSGROVE STEPHEN J (Corporate Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-02-08	Common	A	559	—	Acquired	71537	Direct
2010-01-31	Common	J	14	—	Acquired	219	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-02-08	Employee Stock Options (Right to Buy)	$62.62	A	28145	Acquired	2020-02-08	Common Stock (28145)	Direct
2010-02-08	Restricted Share Units	$	A	2345	Acquired		Common Stock (2345)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common	1594	Indirect

Footnotes

F1: Awarded under Issuer's Long-Term Incentive Plan.

F2: Shares acquired in the Johnson & Johnson Stock Fund under the Johnson & Johnson 401(k) Savings Plan as of Plan's most recent reporting date (01/31/2010).

F3: Shares held by ESOP under the Johnson & Johnson 401(k) Savings Plan as of Plan's most recent reporting date (01/31/2010).

F4: Each Restricted Share Unit represents a contingent right to receive one share of Company Common Stock.

F5: The Restricted Share Units vest three years after date of grant.