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PART II
Item 5. Market for Registrant’s Common Equity, Related Stockholder
Matters and Issuer Purchases of Equity Securities
As of February 19, 2016, there were 158,749 record holders of common stock of the Company. Additional information
called for by this item is incorporated herein by reference to the following sections of this Report: Item 7 “Management’s
Discussion and Analysis of Results of Operations and Financial Condition – Liquidity and Capital Resources – Dividends”
and “– Other Information – Common Stock Market Prices”; Note 17 “Common Stock, Stock Option Plans and Stock
Compensation Agreements” of the Notes to Consolidated Financial Statements included in Item 8; and Item 12 “Security
Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters – Equity Compensation Plan
Information”.
Issuer Purchases of Equity Securities
On October 13, 2015, the Company announced that its Board of Directors approved a share repurchase program,
authorizing the Company to purchase up to $10.0 billion of the Company’s Common Stock. Share repurchases take place
on the open market from time to time based on market conditions. The repurchase program has no time limit and may be
suspended for periods or discontinued at any time.
The following table provides information with respect to common stock purchases by the Company during the fiscal fourth
quarter of 2015. Common stock purchases on the open market are made as part of a systematic plan to meet the needs
of the Company’s compensation programs. The repurchases below also include the stock-for-stock option exercises that
settled in the fiscal fourth quarter.
Period
Total Number
of Shares
Purchased(1)
Avg. Price
Paid Per Share
Total Number of
Shares (or Units)
Purchased as Part
of Publicly
Announced Plans
or Programs(2)
Maximum Number (or
Approximate Dollar
Value) of Shares (or Units)
that May Yet Be
Purchased Under the Plans
or Programs(3)
September 28, 2015 through
October 25, 2015 1,134,367 $96.45 – –
October 26, 2015 through
November 22, 2015 6,298,421 100.21 5,408,965 –
November 23, 2015 through January 3,
2016 11,330,068 102.30 4,462,352 –
Total 18,762,856 9,871,317 87,618,945
(1) During the fiscal fourth quarter of 2015, the Company repurchased an aggregate of 18,762,856 shares of Johnson & Johnson
Common Stock in open-market transactions, of which 9,871,317 shares were purchased pursuant to the repurchase program that
was publicly announced on October 13, 2015, and of which 8,891,539 shares were purchased in open-market transactions as part
of a systematic plan to meet the needs of the Company’s compensation programs.
(2) As of January 3, 2016, an aggregate of 9,871,317 shares were purchased for a total of $1.0 billion since the inception of the
repurchase program announced on October 13, 2015.
(3) As of January 3, 2016, the maximum number of shares that may yet be purchased under the plan is 87,618,945 based on the closing
price of Johnson & Johnson Common Stock on the New York Stock Exchange on December 31, 2015 of $102.72 per share.
8•Johnson & Johnson 2015 Annual Report