JOHNSON & JOHNSON — Director's Dealing 2016

Jul 28, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JOHNSON & JOHNSON (JNJ)
CIK: 0000200406
Period of Report: 2016-07-26

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-07-26	Common Stock	M	41146.0000	$65.6200	Acquired	157819.0000	Direct
2016-07-26	Common Stock	S	41146.0000	$125.0136	Disposed	116673.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-07-26	Employee Stock Options (Right to Buy)	$65.6200	M	41146.0000	Disposed	2017-02-10	Common Stock (41146.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	89.0000	Indirect
Common Stock	225.0000	Indirect

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $124.8421 to $125.15. 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 (6/30/2016).

F3: Shares held by ESOP under the Johnson & Johnson Savings Plan as of the Plan's most recent reporting date (6/30/2016).