SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

VALERIANI NICHOLAS J

(Last)

(First)

(Middle)

JOHNSON & JOHNSON

ONE JOHNSON & JOHNSON

(Street)

NEW BRUNSWICK

08933

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/08/2003

3. Issuer Name and Ticker or Trading Symbol
JOHNSON & JOHNSON [ JNJ ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Vice President Human Resources

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	28,173	D
Common Stock	7,077	I	401 (k) and ESOP Savings Plans
Common Stock	2,185	I	Held by Wife as custodian for Daughter under UTMA
Common Stock	2,462	I	As custodian for Son under UTMA

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Option (Right to Buy)⁽¹⁾	12/01/1996	12/01/2004	Common Stock	4,400	$13.41⁽²⁾	D
Stock Option (Right to Buy)⁽¹⁾	11/30/1997	11/30/2005	Common Stock	27,200	$21.57⁽²⁾	D
Stock Option (Right to Buy)⁽¹⁾	11/30/1997	11/29/2005	Common Stock	10,000	$21.57⁽²⁾	D
Stock Option (Right to Buy)⁽¹⁾	12/05/1998	12/04/2006	Common Stock	2,000	$26⁽³⁾	D
Stock Option (Right to Buy)⁽⁴⁾	12/04/2000	12/03/2007	Common Stock	1,400	$32.38⁽³⁾	D
Stock Option (Right to Buy)⁽⁴⁾	12/04/2000	12/03/2007	Common Stock	14,600	$32.38⁽³⁾	D
Stock Option (Right to Buy)⁽⁴⁾	12/03/2001	12/02/2008	Common Stock	1,100	$40.16⁽³⁾	D
Stock Option (Right to Buy)⁽⁴⁾	12/03/2001	12/02/2008	Common Stock	20,600	$40.16⁽³⁾	D
Stock Option (Right to Buy)⁽⁴⁾	12/02/2002	12/01/2009	Common Stock	1,700	$50.08⁽³⁾	D
Stock Option (Right to Buy)⁽⁴⁾	12/02/2002	12/01/2009	Common Stock	17,600	$50.08⁽³⁾	D
Stock Option (Right to Buy)⁽⁴⁾	11/30/2003	11/29/2010	Common Stock	1,900	$50.69⁽³⁾	D
Stock Option (Right to Buy)⁽⁴⁾	11/30/2003	11/29/2010	Common Stock	42,100	$50.69⁽³⁾	D
Stock Option (Right to Buy)⁽⁴⁾	02/11/2005	02/10/2012	Common Stock	1,700	$57.3	D
Stock Option (Right to Buy)⁽⁴⁾	02/11/2005	02/10/2012	Common Stock	53,300	$57.3	D
Stock Option (Right to Buy)⁽⁴⁾	02/10/2006	02/08/2013	Common Stock	51,085	$52.2	D
Stock Option (Right to Buy)⁽⁴⁾	02/10/2006	02/08/2013	Common Stock	1,915	$52.2	D

Explanation of Responses:

1. Awarded under Issuer's Stock Option Plan and exercisable in increments of 20% per year starting two years from date of grant.

2. Adjusted to reflect two-for-one stock splits in 1996 and 2001.

3. Adjusted to reflect two-for-one stock split in 2001.

4. Awarded under Issuer's Stock Option Plan.

Remarks:

	M. H. Ullmann, as attorney-in-fact for N. J. Valeriani	09/10/2003
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.