BAXTER INTERNATIONAL INC — Director's Dealing 2005

Sep 12, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BAXTER INTERNATIONAL INC (BAX)
CIK: 0000010456
Period of Report: 2005-09-08

Reporting Person: DEL SALTO CARLOS (Corporate Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-09-08	Common Stock, $1 par value	S	8496	$40.50	Disposed	46289	Direct
2005-09-08	Common Stock, $1 par value	M	75256	$24.3966	Acquired	121545	Direct
2005-09-08	Common Stock, $1 par value	S	7556	$40.00	Disposed	113989	Direct
2005-09-08	Common Stock, $1 par value	S	4000	$40.02	Disposed	109989	Direct
2005-09-08	Common Stock, $1 par value	S	9700	$40.03	Disposed	100289	Direct
2005-09-08	Common Stock, $1 par value	S	2000	$40.04	Disposed	98289	Direct
2005-09-08	Common Stock, $1 par value	S	5800	$40.05	Disposed	92489	Direct
2005-09-08	Common Stock, $1 par value	S	1600	$40.06	Disposed	90889	Direct
2005-09-08	Common Stock, $1 par value	S	3000	$40.07	Disposed	87889	Direct
2005-09-08	Common Stock, $1 par value	S	6800	$40.08	Disposed	81089	Direct
2005-09-08	Common Stock, $1 par value	S	12800	$40.09	Disposed	68289	Direct
2005-09-08	Common Stock, $1 par value	S	5800	$40.10	Disposed	62489	Direct
2005-09-08	Common Stock, $1 par value	S	3700	$40.15	Disposed	58789	Direct
2005-09-08	Common Stock, $1 par value	S	900	$40.20	Disposed	57889	Direct
2005-09-08	Common Stock, $1 par value	S	300	$40.21	Disposed	57589	Direct
2005-09-08	Common Stock, $1 par value	S	4800	$40.22	Disposed	52789	Direct
2005-09-08	Common Stock, $1 par value	S	4500	$40.23	Disposed	48289	Direct
2005-09-08	Common Stock, $1 par value	S	2000	$40.24	Disposed	46289	Direct
2005-09-09	Common Stock, $1 par value	S	1100	$40.29	Disposed	45189	Direct
2005-09-09	Common Stock, $1 par value	S	600	$40.30	Disposed	44589	Direct
2005-09-09	Common Stock, $1 par value	S	300	$40.31	Disposed	44289	Direct
2005-09-09	Common Stock, $1 par value	S	1400	$40.33	Disposed	42889	Direct
2005-09-09	Common Stock, $1 par value	S	3800	$40.34	Disposed	39089	Direct
2005-09-09	Common Stock, $1 par value	S	900	$40.35	Disposed	38189	Direct
2005-09-09	Common Stock, $1 par value	S	1900	$40.36	Disposed	36289	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-09-08	Stock Option (Right to Buy)	$24.3966	M	75256	Disposed	2006-11-17	Common Stock, $1 par value (75256)	Direct