MCDONALDS CORP — Director's Dealing 2006

Jan 25, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MCDONALDS CORP (MCD)
CIK: 0000063908
Period of Report: 2006-01-25

Reporting Person: LIGHT M LAWRENCE (Corp Exec Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-01-25	Common Stock	M	75000	$22.24	Acquired	75000	Direct
2006-01-25	Common Stock	S	74200	$35.93	Disposed	800	Direct
2006-01-25	Common Stock	S	800	$36.09	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-01-25	Options (Right to Buy)	$22.24	M	75000	Disposed	2012-09-04	Common Stock (75000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1812	Indirect

Footnotes

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