JOHNSON & JOHNSON — Director's Dealing 2012

Jan 20, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JOHNSON & JOHNSON (JNJ)
CIK: 0000200406
Period of Report: 2012-01-17

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-01-17	Common Stock	A	1376	—	Acquired	1975	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-01-17	Employee Stock Options (Right to Buy)	$65.37	A	115307	Acquired	2022-01-17	Common Stock (115307)	Direct
2012-01-17	Restricted Share Units	$	A	8374	Acquired		Common Stock (8374)	Direct
2012-01-17	Performance Share Units	$	A	20935	Acquired		Common Stock (20935)	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.

F5: Each Performance Share Unit converts into one share of Common Stock upon distribution in the first quarter of 2015 based on a performance factor.