JOHNSON & JOHNSON — Director's Dealing 2014

Apr 28, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JOHNSON & JOHNSON (JNJ)
CIK: 0000200406
Period of Report: 2014-04-24

Reporting Person: COSGROVE STEPHEN J (Corporate Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-04-25	Common Stock	M	1510	$66.18	Acquired	91293	Direct
2014-04-25	Common Stock	F	999	$99.96	Disposed	90294	Direct
2014-03-31	Common Stock	J	15	—	Acquired	497	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-04-25	Employee Stock Options (Right to Buy)	$66.18	M	1510	Disposed	2015-02-13	Common Stock (1510)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1594	Indirect

Footnotes

F1: Shares withheld to cover exercise price owed upon exercise of option.

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 (3/31/2014).

F3: Shares held by ESOP under the Johnson & Johnson Savings Plan as of Plan's most recent reporting date (3/31/2014).

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