BAXTER INTERNATIONAL INC — Director's Dealing 2012

Sep 27, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BAXTER INTERNATIONAL INC (BAX)
CIK: 0000010456
Period of Report: 2012-09-25

Reporting Person: HANTSON LUDWIG (Corporate Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-09-25	Common Stock, $1 par value	M	36059	$41.54	Acquired	125711	Direct
2012-09-25	Common Stock, $1 par value	S	36059	$61.54	Disposed	89652	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-09-25	Stock Option (Right to Buy)	$41.54	M	36059	Disposed	2020-06-01	Common Stock, $1 par value (36059)	Direct

Footnotes

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

F2: All shares sold at $61.54

F3: The options are exercisable in three equal annual installments beginning on June 1, 2011, the first anniversary of the grant date.