BAXTER INTERNATIONAL INC — Director's Dealing 2006

Mar 16, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BAXTER INTERNATIONAL INC (BAX)
CIK: 0000010456
Period of Report: 2006-03-14

Reporting Person: RIEDEL NORBERT G (Corporate Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-03-14	Common Stock, $1 par value	A	10200	—	Acquired	37994	Direct
2006-03-14	Common Stock, $1 par value	F	1187	$38.35	Disposed	36807	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-03-14	Stock Option (Right to Buy)	$38.35	A	70125	Acquired	2016-03-14	Common Stock, $1 par value (70125)	Direct

Footnotes

F1: On March 14, 2006, the reporting person received a grant of 10,200 restricted stock units of common stock which will vest as follows: 3,400 on March 14, 2007; 3,400 on March 14, 2008; and 3,400 on March 14, 2009.