BAXTER INTERNATIONAL INC — Director's Dealing 2006

Jun 26, 2006

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: BAXTER INTERNATIONAL INC (BAX)
CIK: 0000010456
Period of Report: 2006-06-20

Reporting Person: Terrell Karenann K (Corporate Vice President & CIO)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $1 par value	19800	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option (Right to Buy)	$38.93	2016-05-09	Common Stock, $1 par value (27000)		Direct

Footnotes

F1: The 19,800 restricted stock units vest as follows: 1,333 vest on May 9, 2007, 15,800 vest on April 10, 2008, 1,333 vest on May 9, 2008, and 1,334 vest on May 9, 2009.