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BAXTER INTERNATIONAL INC — Director's Dealing 2015
Jul 7, 2015
30537_dirs_2015-07-06_ea4ac2a8-e4cd-41de-b28d-1ea7e6db2f70.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: BAXTER INTERNATIONAL INC (BAX)
CIK: 0000010456
Period of Report: 2015-07-01
Reporting Person: Bufalino Sebastian J (CVP, Controller)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-07-01 | Common Stock, par value $1.00 per share | J | 2840 | $0.00 | Acquired | 19042 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-07-01 | Stock Option (Right to Buy) | $37.38 | J | 21356 | Acquired | 2025-03-03 | Common Stock, par value $1.00 per share (21356) | Direct |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Stock Option (Right to Buy) | $27.58 | 2017-03-15 | Common Stock, par value $1.00 per share (10000) | 10000 | Direct |
| Stock Option (Right to Buy) | $31.30 | 2018-03-05 | Common Stock, par value $1.00 per share (8000) | 8000 | Direct |
| Stock Option (Right to Buy) | $28.27 | 2019-03-04 | Common Stock, par value $1.00 per share (7800) | 7800 | Direct |
| Stock Option (Right to Buy) | $31.77 | 2020-03-03 | Common Stock, par value $1.00 per share (9218) | 9218 | Direct |
| Stock Option (Right to Buy) | $28.97 | 2021-03-04 | Common Stock, par value $1.00 per share (10753) | 10753 | Direct |
| Stock Option (Right to Buy) | $30.95 | 2022-03-06 | Common Stock, par value $1.00 per share (11075) | 11075 | Direct |
| Stock Option (Right to Buy) | $37.82 | 2023-03-05 | Common Stock, par value $1.00 per share (15860) | 15860 | Direct |
| Stock Option (Right to Buy) | $37.17 | 2024-03-04 | Common Stock, par value $1.00 per share (19347) | 19347 | Direct |
Footnotes
F1: In connection with the spin-off (the "Spin-off") of Baxalta Incorporated ("Baxalta") from Baxter International Inc. ("Baxter"), the reporting person received a grant of 2,840 restricted stock units as a result of the adjustment of existing Baxter restricted stock units held by the reporting person prior to the Spin-off. These restricted stock units will vest in three equal annual installments beginning on March 3, 2016, the first anniversary of the grant date.
F2: Represents options to purchase Baxter common stock awarded to the reporting person prior to the Spin-off. In connection with the Spin-off, the exercise price of the option was adjusted, and the reporting person received options to purchase shares of Baxalta common stock, to preserve the pre-Spin-off intrinsic value of the existing Baxter option award.
F3: This option is presently exercisable in full.
F4: Two-thirds of this option is presently exercisable. The remaining one third becomes exercisable on March 5, 2016.
F5: One-third of this option is presently exercisable. The remaining two thirds become exercisable on March 4, 2016 and March 4, 2017.
F6: In connection with the Spin-off, the number of shares subject to this option and the exercise price have been adjusted to preserve the pre-Spin-off intrinsic value of the existing Baxter option award.
F7: This option will vest in three equal annual installments beginning on March 3, 2016, the first anniversary of the grant date of the existing option award.