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: PARKINSON ROBERT L JR (Director, Chairman of the Board and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-03-14	Common Stock, $1 par value	A	58500	—	Acquired	229057	Direct
2006-03-14	Common Stock, $1 par value	F	8093	$38.35	Disposed	220964	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	546000	Acquired	2016-03-14	Common Stock, $1 par value (546000)	Direct

Footnotes

F1: On March 14, 2006, the reporting person received a grant of 58,500 restricted stock units of common stock which will vest as follows: 19,500 on March 14, 2007; 19,500 on March 14, 2008; and 19,500 on March 14, 2009.