JOHNSON & JOHNSON — Director's Dealing 2011

Jan 12, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JOHNSON & JOHNSON (JNJ)
CIK: 0000200406
Period of Report: 2011-01-10

Reporting Person: Fasolo Peter (VP, Worldwide Human Resources)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-01-10	Common Stock	A	599	—	Acquired	599	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-10	Employee Stock Options (Right to Buy)	$62.20	A	31061	Acquired	2021-01-10	Common Stock (31061)	Direct
2011-01-10	Restricted Share Units	$	A	2588	Acquired		Common Stock (2588)	Direct

Footnotes

F1: Awarded under Issuer's Executive Incentive Plan.

F2: Awarded under Issuer's Long-Term Incentive Plan.

F3: Each Restricted Share Unit represents a contingent right to receive one share of Company Common Stock.

F4: The Restricted Share Units vest three years after date of grant.