MCDONALDS CORP — Director's Dealing 2006

Mar 13, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MCDONALDS CORP (MCD)
CIK: 0000063908
Period of Report: 2006-03-10

Reporting Person: HERNANDEZ ENRIQUE JR (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-03-10	Common Stock	M	2000	$22.375	Acquired	10400	Direct
2006-03-10	Common Stock	F	1292	$34.65	Disposed	9108	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-03-10	Options (Right to Buy)	$22.375	M	2000	Disposed	2006-07-09	Common Stock (2000)	Direct

Footnotes

F1: The Reporting Person surrendered shares of McDonald's Corporation Common Stock to pay the exercise price related to his option exercise.

F2: Options become exercisable in 33% increments on the first, second and third anniversary dates of the grant.