BAXTER INTERNATIONAL INC — Director's Dealing 2009

Nov 12, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BAXTER INTERNATIONAL INC (BAX)
CIK: 0000010456
Period of Report: 2009-11-09

Reporting Person: GATLING JAMES M (Corporate Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-11-09	Common Stock, $1 par value	M	18900	$31.45	Acquired	153712	Direct
2009-11-09	Common Stock, $1 par value	S	18900	$55.87	Disposed	134812	Direct
2009-11-09	Common Stock, $1 par value	M	17892	$31.45	Acquired	152704	Direct
2009-11-09	Common Stock, $1 par value	S	17892	$56.20	Disposed	134812	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-11-09	Stock Option (Right to Buy)	$31.45	M	36792	Disposed	2009-11-13	Common Stock, $1 par value (36792)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $1 par value	8513	Indirect

Footnotes

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

F2: Price reflects weighted average sales price. Range of prices for transaction is $55.12 through $56.12. Full information regarding the number of shares sold at each separate price will be provided by the issuer upon request.

F3: Price reflects weighted average sales price. Range of prices for transaction is $56.13 through $56.36. Full information regarding the number of shares sold at each separate price will be provided by the issuer upon request.