JOHNSON & JOHNSON — Director's Dealing 2017

Mar 2, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: JOHNSON & JOHNSON (JNJ)
CIK: 0000200406
Period of Report: 2017-02-28

Reporting Person: Kapusta Ronald A (Controller, CAO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-02-28	Common Stock	M	14543.0000	$72.5400	Acquired	44507.0000	Direct
2017-02-28	Common Stock	S	14543.0000	$122.2550	Disposed	29964.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-02-28	Employee Stock Options (Right to Buy)	$72.5400	M	14543.0000	Disposed	2023-01-13	Common Stock (14543.0000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	109.0000	Indirect
Common Stock	623.2598	Indirect

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $122.25 to $122.285. 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 (2/28/2017).

F3: Shares held by ESOP under the Johnson & Johnson Savings Plan as of the Plan's most recent reporting date (2/28/2017).

F4: Vested and exercisable one day after the third anniversary of the date of the grant.