BAXTER INTERNATIONAL INC — Director's Dealing 2008

Jul 23, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BAXTER INTERNATIONAL INC (BAX)
CIK: 0000010456
Period of Report: 2008-07-21

Reporting Person: MARTIN JOSEPH B (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-07-21	Common Stock, $1 par value	M	5760	$32.22	Acquired	7787	Direct
2008-07-21	Common Stock, $1 par value	M	1740	$36.80	Acquired	9527	Direct
2008-07-21	Common Stock, $1 par value	S	3600	$68.45	Disposed	5927	Direct
2008-07-21	Common Stock, $1 par value	S	3000	$68.46	Disposed	2927	Direct
2008-07-21	Common Stock, $1 par value	S	100	$68.47	Disposed	2827	Direct
2008-07-21	Common Stock, $1 par value	S	400	$68.48	Disposed	2427	Direct
2008-07-21	Common Stock, $1 par value	S	400	$68.52	Disposed	2027	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-07-21	Stock Option (Right to Buy)	$32.22	M	5760	Disposed	2014-05-02	Common Stock, $1 par value (5760)	Direct
2008-07-21	Stock Option (Right to Buy)	$36.80	M	1740	Disposed	2015-05-04	Common Stock, $1 par value (1740)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $1 par value	7888	Indirect