X0202 4 2006-08-30 0000200406 JOHNSON & JOHNSON JNJ 0001188998 COSGROVE STEPHEN J JOHNSON & JOHNSON ONE JOHNSON & JOHNSON PLAZA NEW BRUNSWICK NJ 08933 0 1 0 0 Corporate Controller Common 2006-03-24 5 G 0 300 D 64321 D Common 2006-08-30 4 M 0 3000 26.00 A 67321 D Common 2006-08-30 4 F 0 1207 64.60 D 66114 D Common 2006-07-31 5 J 0 19 A 1644 I 401 (k) and ESOP Savings Plans Common 2006-03-24 5 G 0 100 A 1438 I By Daughter Common 2006-03-24 5 G 0 100 A 1438 I By Daughter Common 2006-03-24 5 G 0 100 A 1438 I By Son Employee Stock Option (Right to Buy) 26.00 2006-08-30 4 M 0 3000 D 1998-12-05 2006-12-04 Common 3000 0 D Gift Adjusted to reflect two-for-one stock split in 2001. Shares acquired under Johnson & Johnson's 401(k) and ESOP Savings Plans as of Plans' most recent reporting date (07/31/2006). The reporting person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose. Held under UGMA. Awarded under Issuer's Stock Option Plan and exercisable in increments of 20% per year starting two years from date of grant. Linda E. King, Attorney-in-Fact for Stephen J. Cosgrove 2006-08-31