BAXTER INTERNATIONAL INC — Director's Dealing 2010

May 6, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BAXTER INTERNATIONAL INC (BAX)
CIK: 0000010456
Period of Report: 2010-05-04

Reporting Person: HELLMAN PETER S (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-05-04	Common Stock, $1 par value	A	1440	—	Acquired	8045	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-05-04	Stock Option (Right to Buy)	$45.08	A	4320	Acquired	2020-05-04	Common Stock, $1 par value (4320)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $1 par value	560	Indirect

Footnotes

F1: The reporting person received a grant of 1,440 restricted stock units which vest on the date of the 2011 annual meeting of shareholders.

F2: The date exercisable is the date of the 2011 annual meeting of shareholders.