JOHNSON & JOHNSON — Director's Dealing 2015

Nov 24, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JOHNSON & JOHNSON (JNJ)
CIK: 0000200406
Period of Report: 2015-11-20

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-11-20	Common Stock	M	22626.0000	$58.3400	Acquired	94877.8820	Direct
2015-11-20	Common Stock	S	17650.0000	$102.4670	Disposed	77227.8820	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-11-20	Employee Stock Options (Right to Buy)	$58.3400	M	22626.0000	Disposed	2016-02-12	Common Stock (22626.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	170.0000	Indirect
Common Stock	1287.0000	Indirect

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from 102.467 to 102.470. 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).