BAXTER INTERNATIONAL INC — Director's Dealing 2007

Dec 15, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BAXTER INTERNATIONAL INC (BAX)
CIK: 0000010456
Period of Report: 2007-12-14

Reporting Person: Davis Robert M (Corporate VP, CFO & Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-12-14	Common Stock, $1 par value	M	20000	$31.65	Acquired	39786	Direct
2007-12-14	Common Stock, $1 par value	S	2000	$58.25	Disposed	37786	Direct
2007-12-14	Common Stock, $1 par value	S	2000	$58.32	Disposed	35786	Direct
2007-12-14	Common Stock, $1 par value	S	2000	$58.35	Disposed	33786	Direct
2007-12-14	Common Stock, $1 par value	S	700	$58.41	Disposed	33086	Direct
2007-12-14	Common Stock, $1 par value	S	1000	$58.45	Disposed	32086	Direct
2007-12-14	Common Stock, $1 par value	S	2000	$58.47	Disposed	30086	Direct
2007-12-14	Common Stock, $1 par value	S	3000	$58.53	Disposed	27086	Direct
2007-12-14	Common Stock, $1 par value	S	1200	$58.64	Disposed	25886	Direct
2007-12-14	Common Stock, $1 par value	S	100	$58.65	Disposed	25786	Direct
2007-12-14	Common Stock, $1 par value	S	1900	$58.67	Disposed	23886	Direct
2007-12-14	Common Stock, $1 par value	S	100	$58.68	Disposed	23786	Direct
2007-12-14	Common Stock, $1 par value	S	2000	$58.82	Disposed	21786	Direct
2007-12-14	Common Stock, $1 par value	S	2000	$58.90	Disposed	19786	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-12-14	Stock Option (Right to Buy)	$31.65	M	20000	Disposed	2014-11-28	Common Stock, $1 par value (20000)	Direct

Footnotes

F1: Transactions occurred pursuant to a Rule 10b5-1Trading Plan