SEC FORM 3

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Flynn Steven

(Last)

(First)

(Middle)

ONE BAXTER PARKWAY

(Street)

DEERFIELD

60015

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/12/2022

3. Issuer Name and Ticker or Trading Symbol
BAXTER INTERNATIONAL INC [ BAX ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	SVP, President, APAC

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock, $1 par value	11,709	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Stock Option (Right to Buy)	⁽¹⁾	03/03/2025	Common Stock, $1 par value	4,887	$37.38	D
Stock Option (Right to Buy)	⁽²⁾	03/02/2027	Common Stock, $1 par value	11,230	$50.77	D
Stock Option (Right to Buy)	⁽³⁾	03/01/2028	Common Stock, $1 par value	8,402	$66.31	D
Stock Option (Right to Buy)	⁽⁴⁾	02/28/2029	Common Stock, $1 par value	10,288	$74.73	D
Stock Option (Right to Buy)	⁽⁵⁾	03/20/2030	Common Stock, $1 par value	12,715	$75.75	D
Stock Option (Right to Buy)	⁽⁶⁾	03/03/2031	Common Stock, $1 par value	15,207	$77.15	D
Stock Option (Right to Buy)	⁽⁷⁾	03/02/2032	Common Stock, $1 par value	6,064	$85.23	D

Explanation of Responses:

1. The options became exercisable in three equal annual installments beginning on March 3, 2016, the first anniversary of the grant date.

2. The options became exercisable in three equal annual installments beginning on March 2, 2018, the first anniversary of the grant date.

3. The options became exercisable in three equal annual installments beginning on March 1, 2019, the first anniversary of the grant date.

4. The options became exercisable in three equal annual installments beginning on February 28, 2020, the first anniversary of the grant date.

5. The options become exercisable in three equal annual installments beginning on March 22, 2021, the first anniversary of the grant date. The first two installments became exercisable on March 22, 2021 and March 21, 2022 respectively. The third installment will become exercisable on March 20, 2023.

6. The options become exercisable in three equal annual installments beginning on March 3, 2022, the first anniversary of the grant date. The first installment became exercisable on March 3, 2022. The second and third installment will become exercisable on March 3, 2023 and March 4, 2024 respectively.

7. The options become exercisable in three equal annual installments beginning on March 2, 2023, the first anniversary of the grant date.

	/s/ Ellen K. Bradford, as attorney in-fact for Steven Flynn	07/22/2022
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.