JOHNSON & JOHNSON — Director's Dealing 2013

Aug 6, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JOHNSON & JOHNSON (JNJ)
CIK: 0000200406
Period of Report: 2013-08-05

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-08-05	Common Stock	M	20650	—	Acquired	71567	Direct
2013-08-05	Common Stock	S	16140	$93.68	Disposed	55427	Direct
2013-07-31	Common Stock	J	21	—	Acquired	80	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-08-05	Employee Stock Option (Right to Buy)	$53.93	M	20650	Disposed	2014-02-07	Common Stock (20650)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1287	Indirect

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $93.67 to $93.69. The price reported above reflects the weighted average sale price. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.

F2: Shares accrued due to dividend reinvestment in the Johnson & Johnson Stock Fund under the Johnson & Johnson Savings Plan as of the Plan's most recent reporting date (7/31/2013).

F3: Shares held by ESOP under the Johnson & Johnson Savings Plan as of Plan's most recent reporting date (7/31/2013).

F4: Awarded under Issuer's Stock Option Plan and exercisable in full starting one day after the third anniversary of the grant.