BAXTER INTERNATIONAL INC — Director's Dealing 2009

May 7, 2009

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BAXTER INTERNATIONAL INC (BAX)
CIK: 0000010456
Period of Report: 2009-05-05

Reporting Person: Devitt Blake E (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2009-05-05	Common Stock, $1 par value	A	1310	—	Acquired	10020	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2009-05-05	Stock Option (Right to Buy)	$49.73	A	5680	Acquired	2019-05-05	Common Stock, $1 par value (5680)	Direct

Footnotes

F1: The reporting person received a grant of 1,310 restricted stock units which vest on the date of the 2010 annual meeting of shareholders.

F2: The date exercisable is the date of the 2010 annual meeting of shareholders.