Prospectus Supplement Filed Pursuant to Rule 424(b)(3)
(To Prospectus dated August 14, 2001) Registration No. 333-67020
Johnson & Johnson
5,403,694 Shares
Common Stock
$393,096,000
Guarantees
This prospectus supplement contains information about the persons who can
use this prospectus supplement to offer and sell shares of Johnson & Johnson
common stock those persons own and, together with ALZA's 3% Zero Coupon
Convertible Subordinated Debentures due July 28, 2020 those persons own, the
Johnson & Johnson guarantees those persons own of those debentures.
SELLING SECURITYHOLDERS
The information set forth under the caption "Selling Securityholders" in
the Johnson & Johnson prospectus dated August 14, 2001, relating to Johnson &
Johnson common stock and the Johnson & Johnson guarantees, is supplemented to
add the following:
Common Stock Guarantees
---------------------------------- ---------------------------------------------------
Number Principal Principal
Shares of Shares Amount Percentage of Amount
Name of Selling Beneficially Registered for Beneficially Outstanding Registered for
Securityholder (1) Owned (2) Sale Hereby(3) Owned($) Guarantees Sale Hereby($)
------------------ ----------- -------------- ----------- ---------- --------------
1976 Distribution Trust FBO Jane A.
Lauder 618 618 45,000 * 45,000
2000 Revocable Trust FBO A.R.
Lauder/Zinterhofer 206 206 15,000 * 15,000
Arapahoe County Colorado 1,498 1,498 109,000 * 109,000
British Virgin Islands Social Security
Board 1,127 1,127 82,000 * 82,000
City University of New York 3,711 3,711 270,000 * 270,000
Commonwealth Professional Assurance
Company c/o Income Research & 17,183 17,183 1,250,000 * 1,250,000
Management
GLG Market Neutral Fund 78,698 78,698 5,725,000 * 5,725,000
Grady Hospital Foundation 3,175 3,175 231,000 * 231,000
Independence Blue Cross 3,079 3,079 224,000 * 224,000
Local Initiatives Support Corporation 1,388 1,388 101,000 * 101,000
Lutheran Brotherhood 192,451 192,451 14,000,000 1.3% 14,000,000
Merrill Lynch Insurance Group 7,326 7,326 533,000 * 533,000
Nabisco Holdings 852 852 62,000 * 62,000
New Orleans Firefighters Pension/Relief
Fund 3,354 3,354 244,000 * 244,000
Occidental Petroleum Corporation 5,663 5,663 412,000 * 412,000
Ohio Bureau of Workers Compensation 3,945 3,945 287,000 * 287,000
Oppenheimer Convertible Securities
Fund 164,958 109,972 12,000,000 1.1% 8,000,000
Common Stock Guarantees
---------------------------------- ---------------------------------------------------
Number Principal Principal
Shares of Shares Amount Percentage of Amount
Name of Selling Beneficially Registered for Beneficially Outstanding Registered for
Securityholder (1) Owned (2) Sale Hereby(3) Owned($) Guarantees Sale Hereby($)
------------------ ----------- -------------- ----------- ---------- --------------
Raytheon Master Pension Trust 11,918 11,918 867,000 * 867,000
RJR Reynolds 2,845 2,845 207,000 * 207,000
Shell Pension Trust 8,069 8,069 587,000 * 587,000
State of Maryland Retirement Agency 78,148 78,148 5,658,000 * 5,658,000
The Class IC Company, Ltd. 45,019 45,019 3,275,000 * 3,275,000
The Grable Foundation 2,639 2,639 192,000 * 192,000
Tufts Associated Health Plan c/o Income 27,493 27,493 2,000,000 * 2,000,000
Research & Management
University of Massachusetts c/o Income 3,780 3,780 275,000 * 275,000
Research & Management
Westfield Insurance Company 54,986 54,986 4,000,000 * 4,000,000
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(1) The information set forth herein is as of August 27, 2001.
(2) Assumes conversion of the full amount of the unrestricted and restricted
ALZA debentures held by such holder at the conversion rate in effect as of
August 27, 2001 of 13.7465 shares of Johnson & Johnson common stock per
$1000 principal amount of an ALZA debenture. Fractional shares will not be
issued upon conversion of the ALZA debentures; cash will be paid in lieu of
any fractional shares.
(3) Assumes conversion of the full amount of the restricted ALZA debentures
held by such holder at the conversion rate in effect as of August 27, 2001
of 13.7465 shares of Johnson & Johnson common stock per $1000 principal
amount of an ALZA debenture. Fractional shares will not be issued upon
conversion of the ALZA debentures; cash will be paid in lieu of any
fractional shares. This prospectus supplement also covers any additional
shares of Johnson & Johnson common stock which may become issuable in
connection with the shares registered for sale hereby by reason of any
stock dividend, stock split, recapitalization or other similar transaction
effected without the receipt of consideration which results in an increase
in the number of outstanding shares of Johnson & Johnson common stock.
* Represents beneficial ownership of less than 1% of the aggregate
principal amount of Johnson & Johnson guarantees outstanding as of August 27,
2001.
The date of this prospectus is August 31, 2001