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: AMUNDSON JOY A (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	27000	—	Acquired	64075	Direct
2006-03-14	Common Stock, $1 par value	F	2651	$38.35	Disposed	61424	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	180000	Acquired	2016-03-14	Common Stock, $1 par value (180000)	Direct

Footnotes

F1: On March 14, 2006, the reporting person received a grant of 27,000 restricted stock units of common stock which will vest as follows: 9,000 on March 14, 2007; 9,000 on March 14, 2008; and 9,000 on March 14, 2009.