X0306 4 2016-06-03 0 0000010456 BAXTER INTERNATIONAL INC BAX 0001220966 GAVIN JAMES R III ONE BAXTER PARKWAY DEERFIELD IL 60015 1 0 0 0 Deferred Comp Plan Baxter Common Stock Fund 2016-06-03 4 A 0 1114 43.48 A Common Stock, $1 par value 1114 9172 D Deferred Comp Plan Baxter Common Stock Fund 2016-06-06 4 A 0 1312 43.97 A Common Stock, $1 par value 1312 10484 D 1 for 1. In connection with the June 3, 2016 merger (the "Merger") of a wholly-owned subsidiary of Shire plc with and into Baxalta Incorporated ("Baxalta"), with Baxalta as the surviving company, the reporting person received, or was deemed to receive, cash merger consideration in exchange for Baxalta restricted stock units previously deferred under Baxter's Directors' Deferred Compensation Plan (the "Plan"). A portion of such cash merger consideration was allocated to the Plan's Baxter Common Stock Fund notional investment alternative. On June 6, 2016 and in connection with the Merger, the reporting person received, or was deemed to receive, cash merger consideration with respect to investments previously allocated to the Plan's Baxalta Common Stock Fund notional investment alternative. A portion of such cash merger consideration was allocated to the Plan's Baxter Common Stock Fund notional investment alternative. /s/ Ellen K. McIntosh, as attorney-in-fact for James R. Gavin III 2016-06-07