BAXTER INTERNATIONAL INC — Director's Dealing 2003

Nov 19, 2003

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BAXTER INTERNATIONAL INC (BAX)
CIK: 0000010456
Period of Report: 2003-11-17

Reporting Person: GIBBONS LAWRENCE T (Corporate Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2003-11-17	Common Stock, $1 par value	A	12000	—	Acquired	12000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2003-11-18	Stock Option (Right to Buy)	$27.13	A	62000	Acquired	2013-11-18	Common stock, $1 par value (62000)	Direct

Footnotes

F1: On November 17, 2003, the reporting person received a grant of 12,000 restricted shares of common stock which will vest based upon performance in the amount of 3,000 shares on 11/3/2004; 4,000 shares on 11/3/2005; and 5000 shares on 11/3/2006.