BAXTER INTERNATIONAL INC — Director's Dealing 2006

Feb 21, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BAXTER INTERNATIONAL INC (BAX)
CIK: 0000010456
Period of Report: 2006-02-16

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
2006-02-16	Common Stock, $1 par value	C	119	—	Acquired	170557	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-02-16	Equity Unit (obligation to buy)	$	C	85	Disposed	2006-02-16	Common Stock, $1 par value (119)	Direct

Footnotes

F1: On February 16, 2006, the purchase contract components of the Baxter International Inc. Equity Units were settled pursuant to their terms. In connection with the settlement, on February 16, 2006, the reporting person was issued 1.4011 shares of Baxter International Inc. common stock per each of his 85 Equity Units, with cash delivered in lieu of fractional shares.