BAXTER INTERNATIONAL INC — Director's Dealing 2017

May 10, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BAXTER INTERNATIONAL INC (BAX)
CIK: 0000010456
Period of Report: 2017-05-09

Reporting Person: Shapazian Carole J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-09	Common Stock, $1 par value	M	3760	$33.77	Acquired	16226	Direct
2017-05-09	Common Stock, $1 par value	S	3760	$55.89	Disposed	12466	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-09	Stock Option (Right to Buy)	$33.77	M	3760	Disposed	2018-05-06	Common Stock, $1 par value (3760)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $1 par value	6120	Indirect