BAXTER INTERNATIONAL INC — Director's Dealing 2012

Feb 3, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

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

Reporting Person: Batchelor Phillip L. (Corporate Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-02-02	Common Stock, $1 par value	M	5000	$54.86	Acquired	19787	Direct
2012-02-02	Common Stock, $1 par value	S	5000	$56.61	Disposed	14787	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-02-02	Stock Option (Right to Buy)	$54.86	M	5000	Disposed	2012-02-24	Common Stock, $1 par value (5000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $1 par value	1908	Indirect

Footnotes

F1: Price reflects weighted average sales price. Range of prices for transaction is $56.58 through $56.64. Full information regarding the number of shares sold at each separate price will be provided by the issuer upon request.