JOHNSON & JOHNSON — Director's Dealing 2012

Jul 23, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JOHNSON & JOHNSON (JNJ)
CIK: 0000200406
Period of Report: 2012-07-20

Reporting Person: COSGROVE STEPHEN J (Corporate Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-07-20	Common Stock	M	1915	$52.20	Acquired	81267	Direct
2012-07-20	Common Stock	F	1437	$69.53	Disposed	79830	Direct
2012-06-30	Common Stock	J	36	—	Acquired	387	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-07-20	Employee Stock Option (Right to Buy)	$52.20	M	1915	Disposed	2013-02-08	Common Stock (1915)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1594	Indirect

Footnotes

F1: Shares acquired in the Johnson & Johnson Stock Fund under the Johnson & Johnson 401(k) Savings Plan as of Plan's most recent reporting date (06/30/2012).

F2: Shares held by ESOP under the Johnson & Johnson 401(k) Savings Plan as of Plan's most recent reporting date (6/30/2012).

F3: Awarded under Issuer's Stock Option Plan and exercisable in full starting three years from date of grant.