BAXTER INTERNATIONAL INC — Director's Dealing 2012

Feb 28, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BAXTER INTERNATIONAL INC (BAX)
CIK: 0000010456
Period of Report: 2012-02-24

Reporting Person: FOSLER GAIL D (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-24	Common Stock, $1 par value	M	15000	$55.60	Acquired	32127	Direct
2012-02-24	Common Stock, $1 par value	M	10030	$22.94	Acquired	42157	Direct
2012-02-24	Common Stock, $1 par value	M	5760	$32.22	Acquired	47917	Direct
2012-02-24	Common Stock, $1 par value	M	4830	$36.80	Acquired	52747	Direct
2012-02-24	Common Stock, $1 par value	M	5660	$38.93	Acquired	58407	Direct
2012-02-24	Common Stock, $1 par value	M	5680	$49.73	Acquired	64087	Direct
2012-02-24	Common Stock, $1 par value	M	4320	$45.08	Acquired	68407	Direct
2012-02-24	Common Stock, $1 par value	S	42780	$57.61	Disposed	25627	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-24	Stock Option (Right to Buy)	$55.60	M	15000	Disposed	2012-05-07	Common Stock, $1 par value (15000)	Direct
2012-02-24	Stock Option (Right to Buy)	$22.94	M	10030	Disposed	2013-05-06	Common Stock, $1 par value (10030)	Direct
2012-02-24	Stock Option (Right to Buy)	$32.22	M	5760	Disposed	2014-05-02	Common Stock, $1 par value (5760)	Direct
2012-02-24	Stock Option (Right to Buy)	$36.80	M	4830	Disposed	2015-05-04	Common Stock, $1 par value (4830)	Direct
2012-02-24	Stock Option (Right to Buy)	$38.93	M	5660	Disposed	2016-05-09	Common Stock, $1 par value (5660)	Direct
2012-02-24	Stock Option (Right to Buy)	$49.73	M	5680	Disposed	2019-05-05	Common Stock, $1 par value (5680)	Direct
2012-02-24	Stock Option (Right to Buy)	$45.08	M	4320	Disposed	2020-05-04	Common Stock, $1 par value (4320)	Direct

Footnotes

F1: Price reflects weighted average sales price. Range of prices for transaction is $57.58 through $57.66. Full information regarding the number of shares sold at each separate price will be provided by the issuer upon request.