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JOHNSON & JOHNSON Director's Dealing 2012

Jan 20, 2012

29750_dirs_2012-01-19_15689031-aaf9-4078-a8e1-9ec3382a744b.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: Caruso Dominic J (Chief Financial Officer)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2012-01-17 Phantom Stock Units $ A 2227 Acquired Common Stock (2227) Direct
2012-01-17 Employee Stock Option (Right to Buy) $65.37 A 173702 Acquired 2022-01-17 Common Stock (173702) Direct
2012-01-17 Restricted Share Units $ A 12615 Acquired Common Stock (12615) Direct
2012-01-17 Performance Share Units $ A 31537 Acquired Common Stock (31537) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 42110 Direct
Common Stock 49 Indirect
Common Stock 225 Indirect

Footnotes

F1: Shares held in the Johnson & Johnson Stock Fund under the Johnson & Johnson 401(k) Savings Plan as of Plan's most recent reporting date (12/31/2011).

F2: Shares held by ESOP under the Johnson & Johnson 401(k) Savings Plan as of Plan's most recent reporting date (12/31/2011).

F3: Phantom Stock Units awarded under the Issuer's Executive Incentive Plan on January 17, 2011 at $65.37 per share are to be settled in cash upon the Reporting Person's Retirement (with each Phantom Stock Unit representing the fair market value of one share of Common Stock on the settlement date). Alternatively, the cash value represented by the Phantom Stock Units may be transferred by the Reporting Person into an alternative investment account under the Plan at any time.

F4: The Phantom Stock Units convert into Common Stock on a one-for-one basis.

F5: Awarded under Issuer's Long-Term Incentive Plan.

F6: Each Restricted Share Unit represents a contingent right to receive one share of Common Stock.

F7: The Restricted Share Units vest three years after date of grant.

F8: Each Performance Share Unit converts into one share of Common Stock upon distribution in the first quarter of 2015 based on a performance factor.