MCDONALDS CORP — Director's Dealing 2005

Sep 14, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MCDONALDS CORP (MCD)
CIK: 0000063908
Period of Report: 2005-09-12

Reporting Person: Alvarez Ralph (President, McD. North America)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-09-12	Common Stock	M	24000	$24.625	Acquired	24008	Direct
2005-09-12	Common Stock	S	24000	$34.00	Disposed	8	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2005-09-12	Options (Right to Buy)	$24.625	M	24000	Disposed	2006-04-01	Common Stock (24000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	20837	Indirect

Footnotes

F1: Options became exercisable in 25% increments on the first, third, fifth and seventh anniversary dates of the grant.