BAXTER INTERNATIONAL INC — Director's Dealing 2017

May 4, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BAXTER INTERNATIONAL INC (BAX)
CIK: 0000010456
Period of Report: 2017-05-02

Reporting Person: Mahoney Michael F (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-02	Common Stock, $1 par value	A	1616	—	Acquired	5784	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-05-02	Stock Option (Right to Buy)	$55.68	A	9027	Acquired	2027-05-02	Common Stock, $1 par value (9027)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $1 par value	10700	Indirect

Footnotes

F1: The reporting person received a grant of 1,616 fully vested shares of common stock of Baxter International Inc. (the "Company"), subject to the terms and conditions of the applicable grant.

F2: The reporting person received a grant of fully vested Company stock options, subject to the terms and conditions of the applicable grant.