BAXTER INTERNATIONAL INC — Director's Dealing 2013

May 21, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BAXTER INTERNATIONAL INC (BAX)
CIK: 0000010456
Period of Report: 2013-05-17

Reporting Person: Davis Robert M (Corporate Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-05-17	Common Stock, $1 par value	M	57000	$52.50	Acquired	174442	Direct
2013-05-17	Common Stock, $1 par value	M	76800	$51.21	Acquired	251242	Direct
2013-05-17	Common Stock, $1 par value	S	130800	$73.00	Disposed	120442	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-05-17	Stock Option (Right to Buy)	$52.50	M	19000	Disposed	2019-03-04	Common Stock, $1 par value (19000)	Direct
2013-05-17	Stock Option (Right to Buy)	$52.50	M	19000	Disposed	2019-03-04	Common Stock, $1 par value (19000)	Direct
2013-05-17	Stock Option (Right to Buy)	$52.50	M	19000	Disposed	2019-03-04	Common Stock, $1 par value (19000)	Direct
2013-05-17	Stock Option (Right to Buy)	$51.21	M	25600	Disposed	2017-03-15	Common Stock, $1 par value (25600)	Direct
2013-05-17	Stock Option (Right to Buy)	$51.21	M	25600	Disposed	2017-03-15	Common Stock, $1 par value (25600)	Direct
2013-05-17	Stock Option (Right to Buy)	$51.21	M	25600	Disposed	2017-03-15	Common Stock, $1 par value (25600)	Direct

Footnotes

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

F2: All shares sold at $73.00.