JOHNSON & JOHNSON — Director's Dealing 2012

Jan 3, 2012

SEC Form 3 — Initial Statement of Beneficial Ownership

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

Reporting Person: Ullmann Michael H (VP, General Counsel)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	39382	Direct
Common Stock	12	Indirect
Common Stock	1287	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$52.20	2013-02-08	Common Stock (1915)		Direct
Stock Option (Right to Buy)	$53.93	2014-02-07	Common Stock (1850)		Direct
Stock Option (Right to Buy)	$53.93	2014-02-07	Common Stock (20650)		Direct
Stock Option (Right to Buy)	$66.18	2015-02-13	Common Stock (1510)		Direct
Stock Option (Right to Buy)	$66.18	2015-02-13	Common Stock (21490)		Direct
Stock Option (Right to Buy)	$58.34	2016-02-12	Common Stock (22626)		Direct
Stock Option (Right to Buy)	$65.62	2017-02-10	Common Stock (27735)		Direct
Restricted Share Units	$		Common Stock (9142)		Direct
Restricted Share Units	$		Common Stock (8943)		Direct
Restricted Share Units	$		Common Stock (9265)		Direct

Footnotes

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

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

F3: Awarded under Issuer's Stock Option Plan.

F4: Awarded under Issuer's Long-Term Incentive Plan.

F5: Each Restricted Share Unit represents a contingent right to receive one share of Company Common Stock and vests three (3) years after date of grant.