BAXTER INTERNATIONAL INC — Director's Dealing 2008

Jul 11, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BAXTER INTERNATIONAL INC (BAX)
CIK: 0000010456
Period of Report: 2008-07-09

Reporting Person: GATLING JAMES M (Corporate Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-07-09	Common Stock, $1 par value	M	28220	$32.3794	Acquired	167908	Direct
2008-07-09	Common Stock, $1 par value	S	28220	$66.00	Disposed	139688	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-07-09	Stock Option (Right to Buy)	$32.3794	M	28220	Disposed	2009-02-13	Common Stock, $1 par value (28220)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $1 par value	8291	Indirect

Footnotes

F1: Transaction effected pursuant to a Rule 10b5-1 trading plan