JOHNSON & JOHNSON — Director's Dealing 2015

Nov 4, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JOHNSON & JOHNSON (JNJ)
CIK: 0000200406
Period of Report: 2015-11-02

Reporting Person: Caruso Dominic J (VP, Finance; CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-11-02	Common Stock	M	20569.0000	$58.3400	Acquired	109303.0000	Direct
2015-11-02	Common Stock	S	20569.0000	$102.2132	Disposed	88734.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-11-02	Employee Stock Options (Right to Buy)	$58.3400	M	20569.0000	Disposed	2016-02-12	Common Stock (20569.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	83.0000	Indirect
Common Stock	225.0000	Indirect

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $102.20 to $102.25. 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: Includes 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 (10/30/2015).

F3: Shares held by ESOP under the Johnson & Johnson Savings Plan as of the Plan's most recent reporting date (10/30/2015).