JOHNSON & JOHNSON — Director's Dealing 2012

Dec 11, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JOHNSON & JOHNSON (JNJ)
CIK: 0000200406
Period of Report: 2012-12-07

Reporting Person: LINDQUIST SUSAN L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-12-07	Common Stock	M	7600	$53.93	Acquired	22205	Direct
2012-12-07	Common Stock	S	7600	$70.02	Disposed	14605	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-12-07	Non-Employee Director Stock Options (Right to Buy)	$53.93	M	7600	Disposed	2014-02-07	Common Stock (7600)	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Deferred Share Units	$		Common Stock (0)	15952	Direct

Footnotes

F1: Includes 1,545 shares held under Issuer's Dividend Reinvestment Program.

F2: Awarded under the Stock Option Plan for Non-Employee Directors and exercisable in full one day after the first anniversary of the grant.

F3: The Deferred Share Units acquired under the Issuer's Amended and Restated Deferred Fee Plan for Directors are to be settled in cash upon the Reporting Person's Retirement (with each Deferred Share Unit representing the fair market value of one share of Common Stock on the settlement date).