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: 2017-05-05

Reporting Person: STALLKAMP THOMAS T (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-05	Common Stock, $1 par value	S	2618	$55.81	Disposed	11273	Direct
2017-05-05	Common Stock, $1 par value	M	3760	$33.77	Acquired	15033	Direct
2017-05-05	Common Stock, $1 par value	S	3760	$55.74	Disposed	11273	Direct
2017-05-05	Common Stock, $1 par value	M	4320	$24.27	Acquired	15593	Direct
2017-05-05	Common Stock, $1 par value	S	4320	$55.74	Disposed	11273	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-05	Stock Option (Right to Buy)	$33.77	M	3760	Disposed	2018-05-06	Common Stock, $1 par value (3760)	Direct
2017-05-05	Stock Option (Right to Buy)	$24.27	M	4320	Disposed	2020-05-04	Common Stock, $1 par value (4320)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $1 par value	22600	Indirect

Footnotes

F1: Price reflects weighted average sales price. Range of prices for transactions are $55.74 through $55.75. Full information regarding the number of shares sold at each separate price will be provided by the issuer upon request.