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BAXTER INTERNATIONAL INC — Director's Dealing 2020
Mar 19, 2020
30537_dirs_2020-03-19_7e854ca9-0d72-4c9c-9501-c0d2ec457d84.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: BAXTER INTERNATIONAL INC (BAX)
CIK: 0000010456
Period of Report: 2020-03-17
Reporting Person: Martin Sean (SVP and General Counsel)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-03-17 | Common Stock, $1 par value | A | 2270 | — | Acquired | 32230 | Direct |
| 2020-03-17 | Common Stock, $1 par value | A | 2041 | — | Acquired | 34271 | Direct |
| 2020-03-18 | Common Stock, $1 par value | F | 8360 | $80.51 | Disposed | 25911 | Direct |
Footnotes
F1: Represents shares earned from the performance share unit award granted on March 1, 2018 pursuant to the Equity Plan adopted by Baxter as of such date. The award provides that fifty percent of the performance share units are earned based on Baxter's OM performance, as assessed annually over a three-year period. One-third of the OM performance share units are allocated to each one-year period. The number of shares reported on this Form 4 represents the shares earned based on Baxter's OM, as assessed from January 1, 2019 through December 31, 2019. These shares are scheduled to vest after the end of the relevant three-year performance period (which runs from January 1, 2018 through December 31, 2020).
F2: Represents shares earned from the performance share unit award granted on February 28, 2019 pursuant to the Equity Plan adopted by Baxter as of such date. The award provides that fifty percent of the performance share units are earned based on Baxter's OM performance, as assessed annually over a three-year period. One-third of the OM performance share units are allocated to each one-year period. The number of shares reported on this Form 4 represents the shares earned based on Baxter's OM, as assessed from January 1, 2019 to December 31, 2019. These shares are scheduled to vest after the end of the relevant three-year performance period (which runs from Janaury 1, 2019 through December 31, 2021).
F3: Represents the number of shares forfeited by the reporting person to cover the withholding of taxes incurred as a result of the delivery of shares on March 18, 2020 from the settlement of vested restricted stock units granted on March 2, 2017.