BAXTER INTERNATIONAL INC — Director's Dealing 2012

Mar 2, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BAXTER INTERNATIONAL INC (BAX)
CIK: 0000010456
Period of Report: 2012-03-01

Reporting Person: BUTEL JEAN LUC (Corporate Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-03-01	Common Stock, $1 par value	A	45000	—	Acquired	45000	Direct
2012-03-01	Common Stock, $1 par value	A	20000	—	Acquired	65000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-03-01	Stock Option (Right to Buy)	$58.30	A	200000	Acquired	2022-03-01	Common Stock, $1 par value (200000)	Direct

Footnotes

F1: On March 1, 2012, the reporting person received a grant of 45,000 restricted stock units which will vest in three equal annual installments beginning on the first anniversary of the grant date.

F2: On March 1, 2012, the reporting person received a grant of 20,000 restricted stock units which will vest on the third anniversary of the grant date.

F3: On March 1, 2012, the reporting person received a grant of 200,000 stock options which become exercisable in three equal annual installments beginning on the first anniversary of the grant date.