BAXTER INTERNATIONAL INC — Director's Dealing 2007

Jun 7, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BAXTER INTERNATIONAL INC (BAX)
CIK: 0000010456
Period of Report: 2007-06-05

Reporting Person: RIEDEL NORBERT G (Corporate Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-06-05	Common Stock, $1 par value	M	25084	$31.4525	Acquired	65502	Direct
2007-06-05	Common Stock, $1 par value	M	29500	$30.06	Acquired	95002	Direct
2007-06-05	Common Stock, $1 par value	S	50000	$57.50	Disposed	45002	Direct
2007-06-05	Common Stock, $1 par value	S	1700	$57.51	Disposed	43302	Direct
2007-06-05	Common Stock, $1 par value	S	2884	$57.60	Disposed	40418	Direct
2007-06-06	Common Stock, $1 par value	M	33200	$27.13	Acquired	73618	Direct
2007-06-06	Common Stock, $1 par value	M	6500	$30.06	Acquired	80118	Direct
2007-06-06	Common Stock, $1 par value	S	39700	$57.40	Disposed	40418	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-06-05	Stock Option (Right to Buy)	$31.4525	M	25084	Disposed	2009-11-13	Common Stock, $1 par value (25084)	Direct
2007-06-05	Stock Option (Right to Buy)	$30.06	M	29500	Disposed	2012-11-16	Common Stock, $1 par value (29500)	Direct
2007-06-06	Stock Option (Right to Buy)	$27.13	M	33200	Disposed	2013-11-18	Common Stock, $1 par value (33200)	Direct
2007-06-06	Stock Option (Right to Buy)	$30.06	M	6500	Disposed	2012-11-16	Common Stock, $1 par value (6500)	Direct