MCDONALDS CORP — Director's Dealing 2007

Dec 12, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MCDONALDS CORP (MCD)
CIK: 0000063908
Period of Report: 2007-12-12

Reporting Person: Armario Jose (President, McD Latin America)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-12-12	Common Stock	M	20000	$14.31	Acquired	20000	Direct
2007-12-12	Common Stock	S	20000	$63.17	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-12-12	Options (Right to Buy)	$14.31	M	20000	Disposed	2013-03-18	Common Stock (20000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11705	Indirect
Common Stock	8317	Indirect

Footnotes

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