JOHNSON & JOHNSON — Director's Dealing 2016

May 12, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JOHNSON & JOHNSON (JNJ)
CIK: 0000200406
Period of Report: 2016-05-10

Reporting Person: Kapusta Ronald A (Controller, CAO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-05-10	Common Stock	M	3957.0000	$58.3300	Acquired	29682.0000	Direct
2016-05-10	Common Stock	S	3957.0000	$114.7730	Disposed	25725.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-05-10	Employee Stock Options (Right to Buy)	$58.3300	M	3957.0000	Disposed	2019-02-08	Common Stock (3957.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	90.0000	Indirect
Common Stock	623.2598	Indirect

Footnotes

F1: 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 (4/30/2016).

F2: Shares held by ESOP under the Johnson & Johnson Savings Plan as of the Plan's most recent reporting date (4/30/2016).