JOHNSON & JOHNSON — Director's Dealing 2014

Feb 13, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JOHNSON & JOHNSON (JNJ)
CIK: 0000200406
Period of Report: 2014-02-10

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

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-02-10	Employee Stock Options (Right to Buy)	$90.44	A	85754	Acquired	2024-02-09	Common Stock (85754)	Direct
2014-02-10	Restricted Share Units	$	A	5840	Acquired		Common Stock (5840)	Direct
2014-02-10	Performance Share Units	$	A	14600	Acquired		Common Stock (14600)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	61962	Direct
Common Stock	100	Indirect
Common Stock	1287	Indirect

Footnotes

F1: Shares held in the Johnson & Johnson Stock Fund under the Johnson & Johnson Savings Plan as of the Plan's most recent reporting date (1/31/2014).

F2: Shares held by ESOP under the Johnson & Johnson Savings Plan as of Plan's most recent reporting date (1/31/2014).

F3: Awarded under Issuer's Long-Term Incentive Plan.

F4: Awarded under Issuer's Long-Term Incentive Plan. Each Restricted Share Unit represents a contingent right to receive one share of Common Stock and vests three years after date of grant.

F5: Awarded under Issuer's Long-Term Incentive Plan. Performance Share Units convert into shares of Common Stock upon distribution in the first quarter of 2017 based on a performance factor