BAXTER INTERNATIONAL INC — Director's Dealing 2013

May 22, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BAXTER INTERNATIONAL INC (BAX)
CIK: 0000010456
Period of Report: 2013-05-20

Reporting Person: Bufalino Sebastian J (Corporate Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-05-20	Common Stock, $1 par value	M	24000	$34.85	Acquired	29599	Direct
2013-05-20	Common Stock, $1 par value	S	24000	$73.75	Disposed	5599	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-05-20	Stock Option (Right to Buy)	$34.85	M	24000	Disposed	2015-03-16	Common Stock, $1 par value (24000)	Direct

Footnotes

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

F2: All shares sold at $73.75.