BAXTER INTERNATIONAL INC — Director's Dealing 2005

Apr 19, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BAXTER INTERNATIONAL INC (BAX)
CIK: 0000010456
Period of Report: 2005-04-18

Reporting Person: Arduini Peter J (Corporate Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-04-18	Common Stock, $1 par value	A	13000	—	Acquired	13000	Direct
2005-04-18	Common Stock, $1 par value	A	10000	—	Acquired	10000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-04-18	Stock Option (right to buy)	$34.07	A	80000	Acquired	2015-04-17	Common Stock, $1 par value (80000)	Direct

Footnotes

F1: On April 18, 2005, the reporting person received a grant of 13,000 restricted stock units of common stock which will vest as follows: 4,333 on April 18, 2006; 4,333 on April 18, 2007; 4,334 on April 18, 2008.

F2: 1-for-1.

F3: On April 18, 2005, the reporting person received a grant of 10,000 shares of restricted stock. The total amount of 10,000 restricted stock shares will vest on April 18, 2008.