BAXTER INTERNATIONAL INC — Director's Dealing 2017

May 9, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BAXTER INTERNATIONAL INC (BAX)
CIK: 0000010456
Period of Report: 2017-05-08

Reporting Person: Eyre Brik V (Sr VP, President, Americas)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-08	Common Stock, $1 par value	M	4550	$28.97	Acquired	49966	Direct
2017-05-08	Common Stock, $1 par value	M	6563	$30.95	Acquired	56529	Direct
2017-05-08	Common Stock, $1 par value	M	19627	$37.82	Acquired	76156	Direct
2017-05-08	Common Stock, $1 par value	M	10000	$36.71	Acquired	86156	Direct
2017-05-08	Common Stock, $1 par value	M	42992	$37.17	Acquired	129148	Direct
2017-05-08	Common Stock, $1 par value	M	47000	$37.38	Acquired	176148	Direct
2017-05-08	Common Stock, $1 par value	S	130732	$55.69	Disposed	45416	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-08	Stock Option (Right to Buy)	$28.97	M	4550	Disposed	2021-03-04	Common Stock, $1 par value (4550)	Direct
2017-05-08	Stock Option (Right to Buy)	$30.95	M	6563	Disposed	2022-03-06	Common Stock, $1 par value (6563)	Direct
2017-05-08	Stock Option (Right to Buy)	$37.82	M	6542	Disposed	2023-03-03	Common Stock, $1 par value (6542)	Direct
2017-05-08	Stock Option (Right to Buy)	$37.82	M	6542	Disposed	2023-03-03	Common Stock, $1 par value (6542)	Direct
2017-05-08	Stock Option (Right to Buy)	$37.82	M	6543	Disposed	2023-03-03	Common Stock, $1 par value (6543)	Direct
2017-05-08	Stock Option (Right to Buy)	$36.71	M	3333	Disposed	2023-12-02	Common Stock, $1 par value (3333)	Direct
2017-05-08	Stock Option (Right to Buy)	$36.71	M	3333	Disposed	2023-12-02	Common Stock, $1 par value (3333)	Direct
2017-05-08	Stock Option (Right to Buy)	$36.71	M	3334	Disposed	2023-12-02	Common Stock, $1 par value (3334)	Direct
2017-05-08	Stock Option (Right to Buy)	$37.17	M	14330	Disposed	2024-03-04	Common Stock, $1 par value (14330)	Direct
2017-05-08	Stock Option (Right to Buy)	$37.17	M	14331	Disposed	2024-03-04	Common Stock, $1 par value (14331)	Direct
2017-05-08	Stock Option (Right to Buy)	$37.17	M	14331	Disposed	2024-03-04	Common Stock, $1 par value (14331)	Direct
2017-05-08	Stock Option (Right to Buy)	$37.38	M	47000	Disposed	2025-03-03	Common Stock, $1 par value (47000)	Direct

Footnotes

F1: Price reflects weighted average sales price. Range of prices for transactions are $55.65 through $55.79. Full information regarding the number of shares sold at each separate price will be provided by the issuer upon request.