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: 2011-06-17

Reporting Person: DEYO RUSSELL C (VP, General Counsel)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-14	Common Stock	G	877	—	Disposed	147903	Direct
2011-12-22	Common Stock	G	407	—	Disposed	147496	Direct
2012-01-17	Common Stock	A	2524	—	Acquired	150020	Direct
2011-12-31	Common Stock	J	77	—	Acquired	7233	Indirect
2011-06-17	Common Stock	S	300	$66.27	Disposed	3108	Indirect
2011-06-22	Common Stock	S	50	$66.41	Disposed	3058	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1703	Indirect
Common Stock	10771	Indirect
Common Stock	2634	Indirect

Footnotes

F1: Gift.

F2: Awarded under Issuer's Executive Incentive Plan.

F3: Shares acquired in the Johnson & Johnson Stock Fund under the 401(k) Savings Plan as of Plan's most recent reporting date (12/31/2011).

F4: Shares held by ESOP under Johnson & Johnson's 401(k) Savings Plan as of Plan's most recent reporting date (12/31/2011).

F5: The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

F6: Adjusted to reflect the addition of 75 shares acquired through dividend reinvestment.