BAXTER INTERNATIONAL INC — Director's Dealing 2018

Dec 4, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: BAXTER INTERNATIONAL INC (BAX)
CIK: 0000010456
Period of Report: 2018-12-03

Reporting Person: Third Point LLC (Director, See Remarks)
Reporting Person: Loeb Daniel S (Director, See Remarks)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-12-03	Common Stock, $1.00 par value ("Common Stock")	S	8000000	$68.62	Disposed	28008124.8167	Indirect

Footnotes

F1: Includes (1) 6,290 stock options granted to Munib Islam which became exercisable on the date of the Issuer's 2016 annual meeting of stockholders at an exercise price of $32.85 and (2) 44.8167 shares accumulated from stock dividends on restricted stock units previously awarded to Mr. Islam.

F2: Except as otherwise noted herein, the securities disclosed in this Form 4 are owned by certain funds (the "Funds") managed by Third Point LLC ("Third Point"). Daniel S. Loeb is the Chief Executive Officer of Third Point. By reason of the provisions of Rule 16a-l under the Securities Exchange Act of 1934, as amended, Third Point and Mr. Loeb may be deemed to be the beneficial owners of the securities beneficially owned by the Funds. Third Point and Mr. Loeb hereby disclaim beneficial ownership of all securities, except to the extent of any indirect pecuniary interest therein.