JOHNSON & JOHNSON — Director's Dealing 2016

Jan 21, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JOHNSON & JOHNSON (JNJ)
CIK: 0000200406
Period of Report: 2016-01-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-01-15	Common Stock	M	6679.0000	—	Acquired	83906.8820	Direct
2016-01-15	Common Stock	F	2533.0000	$97.1200	Disposed	81373.8820	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2016-01-15	Restricted Share Units	$	M	6679.0000	Disposed		Common Stock (6679.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	181.0000	Indirect
Common Stock	1287.0000	Indirect

Footnotes

F1: Each Restricted Share Unit, awarded under Issuer's Long-Term Incentive Plan on January 16, 2013, represents a contingent right to receive one share of Common Stock, and vests on the third anniversary of the grant date.

F2: Shares withheld for payment of taxes upon vesting of Restricted Share Units.

F3: 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 (12/31/2015).

F4: Shares held by ESOP under the Johnson & Johnson Savings Plan as of the Plan's most recent reporting date (12/31/2015).