JOHNSON & JOHNSON — Director's Dealing 2014

Jan 14, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JOHNSON & JOHNSON (JNJ)
CIK: 0000200406
Period of Report: 2014-01-10

Reporting Person: COSGROVE STEPHEN J (Corporate Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-01-10	Common Stock	M	2645	—	Acquired	90804	Direct
2014-01-10	Common Stock	F	1021	$94.53	Disposed	89783	Direct
2013-12-31	Common Stock	J	29	—	Acquired	482	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-01-10	Restricted Share Units	$	M	2645	Disposed		Common Stock (2645)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1594	Indirect

Footnotes

F1: Shares withheld for the payment of taxes upon vesting of Restricted Share Units.

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 (12/31/2013).

F3: Shares held by ESOP under the Johnson & Johnson Savings Plan as of Plan's most recent reporting date (12/31/2013).

F4: Each Restricted Share Unit, awarded under Issuer's Long-Term Incentive Plan on January 10, 2011, represents a contingent right to receive one share of Common Stock, and vests three years after date of grant.