MCDONALDS CORP — Director's Dealing 2006

Jul 27, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MCDONALDS CORP (MCD)
CIK: 0000063908
Period of Report: 2006-07-26

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-07-26	Common Stock	M	36000	$14.31	Acquired	36008	Direct
2006-07-26	Common Stock	S	500	$34.43	Disposed	35508	Direct
2006-07-26	Common Stock	S	2700	$34.45	Disposed	32808	Direct
2006-07-26	Common Stock	S	2300	$34.46	Disposed	30508	Direct
2006-07-26	Common Stock	S	20000	$34.49	Disposed	10508	Direct
2006-07-26	Common Stock	S	2600	$34.50	Disposed	7908	Direct
2006-07-26	Common Stock	S	400	$34.51	Disposed	7508	Direct
2006-07-26	Common Stock	S	1800	$34.52	Disposed	5708	Direct
2006-07-26	Common Stock	S	700	$34.53	Disposed	5008	Direct
2006-07-26	Common Stock	S	2500	$34.54	Disposed	2508	Direct
2006-07-26	Common Stock	S	700	$34.55	Disposed	1808	Direct
2006-07-26	Common Stock	S	1800	$34.57	Disposed	8	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-07-26	Options (Right to Buy)	$14.31	M	36000	Disposed	2013-03-18	Common Stock (36000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	39120	Indirect

Footnotes

F1: Options become exercisable in 25% increments on the first, second, third and fourth anniversary dates of the grant.