Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Schaaf Jill M
   2. Issuer Name and Ticker or Trading Symbol
BAXTER INTERNATIONAL INC [BAX] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
CVP, Renal
(Last)
(First)
(Middle)
C/O BAXTER INTERNATIONAL, ONE BAXTER PARKWAY		 3. Date of Earliest Transaction (Month/Day/Year)
07/01/2015
(Street)

DEERFIELD, IL 60015		 4. If Amendment, Date 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
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $1.00 per share 07/01/2015   J   6,311 (1) A $ 0 48,948 D  
Common Stock, par value $1.00 per share               777 I By 401(k) Plan

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Option (Right to Buy) $ 27.58 (2)               (3) 03/15/2017 Common Stock, par value $1.00 per share 8,450   8,450 D  
Stock Option (Right to Buy) $ 31.3 (2)               (3) 03/05/2018 Common Stock, par value $1.00 per share 6,900   6,900 D  
Stock Option (Right to Buy) $ 28.27 (2)               (3) 03/04/2019 Common Stock, par value $1.00 per share 7,800   7,800 D  
Stock Option (Right to Buy) $ 31.77 (2)               (3) 03/03/2020 Common Stock, par value $1.00 per share 11,119   11,119 D  
Stock Option (Right to Buy) $ 28.97 (2)               (3) 03/04/2021 Common Stock, par value $1.00 per share 14,330   14,330 D  
Stock Option (Right to Buy) $ 30.95 (2)               (3) 03/06/2022 Common Stock, par value $1.00 per share 19,688   19,688 D  
Stock Option (Right to Buy) $ 37.82 (2)               (4) 03/05/2023 Common Stock, par value $1.00 per share 20,609   20,609 D  
Stock Option (Right to Buy) $ 37.17 (2)               (5) 03/04/2024 Common Stock, par value $1.00 per share 21,903   21,903 D  
Stock Option (Right to Buy) $ 37.38 (6) 07/01/2015   J   47,458 (6)     (7) 03/03/2025 Common Stock, par value $1.00 per share 47,458 $ 0 102,829 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Schaaf Jill M
C/O BAXTER INTERNATIONAL
ONE BAXTER PARKWAY
DEERFIELD, IL 60015		       CVP, Renal  

Signatures

 /s/ Ellen K. McIntosh, as attorney-in-fact for Jill M. Schaaf   07/06/2015
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(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).
(1) In connection with the spin-off (the "Spin-off") of Baxalta Incorporated ("Baxalta") from Baxter International Inc. ("Baxter"), the reporting person received a grant of 6,311 restricted stock units as a result of the adjustment of existing Baxter restricted stock units held by the reporting person prior to the Spin-off. These restricted stock units will vest in three equal annual installments beginning on March 3, 2016, the first anniversary of the grant date.
(2) Represents options to purchase Baxter common stock awarded to the reporting person prior to the Spin-off. In connection with the Spin-off, the exercise price of the option was adjusted, and the reporting person received options to purchase shares of Baxalta common stock, to preserve the pre-Spin-off intrinsic value of the existing Baxter option award.
(3) This option is presently exercisable in full.
(4) Two-thirds of this option is presently exercisable. The remaining one third becomes exercisable on March 5, 2016.
(5) One-third of this option is presently exercisable. The remaining two thirds become exercisable on March 4, 2016 and March 4, 2017.
(6) In connection with the Spin-off, the number of shares subject to this option and the exercise price have been adjusted to preserve the pre-Spin-off intrinsic value of the existing Baxter option award.
(7) This option will vest in three equal annual installments beginning on March 3, 2016, the first anniversary of the grant date of the existing option award.
 
Remarks:
Exhibit List:  Exhibit 24.1-Power of Attorney

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