JOHNSON & JOHNSON — Director's Dealing 2013

Feb 7, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JOHNSON & JOHNSON (JNJ)
CIK: 0000200406
Period of Report: 2013-02-05

Reporting Person: SATCHER DAVID (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-02-05	Common Stock	M	6300	$52.20	Acquired	19830	Direct
2013-02-05	Common Stock	F	4437	$74.11	Disposed	15393	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-02-05	Non-Employee Director Stock Options (Right to Buy)	$52.20	M	6300	Disposed	2013-02-08	Common Stock (6300)	Direct
2012-12-31	Deferred Share Units	$	J	268	Acquired		Common Stock (268)	Direct

Footnotes

F1: Shares used to pay exercise price.

F2: Awarded under the Stock Option Plan for Non-Employee Directors and exercisable in full one day after the first anniversary of the grant.

F3: Dividends accrued under the Issuer's Amended and Restated Deferred Fee Plan for Directors. Deferred Shares Units are to be settled in cash upon the Reporting Person's Retirement (with each Deferred Share Unit representing the fair market value of one share of Common Stock on the settlement date).