MCDONALDS CORP — Director's Dealing 2007

Oct 24, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MCDONALDS CORP (MCD)
CIK: 0000063908
Period of Report: 2007-10-23

Reporting Person: SKINNER JAMES A (Director, Vice Chairman and CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-10-23	Common Stock	M	120000	$14.31	Acquired	266238	Direct
2007-10-23	Common Stock	S	500	$56.57	Disposed	265738	Direct
2007-10-23	Common Stock	S	8596	$56.58	Disposed	257142	Direct
2007-10-23	Common Stock	S	17825	$56.59	Disposed	239317	Direct
2007-10-23	Common Stock	S	14600	$56.60	Disposed	224717	Direct
2007-10-23	Common Stock	S	14250	$56.61	Disposed	210467	Direct
2007-10-23	Common Stock	S	14525	$56.62	Disposed	195942	Direct
2007-10-23	Common Stock	S	11500	$56.63	Disposed	184442	Direct
2007-10-23	Common Stock	S	11900	$56.64	Disposed	172542	Direct
2007-10-23	Common Stock	S	7300	$56.65	Disposed	165242	Direct
2007-10-23	Common Stock	S	3900	$56.66	Disposed	161342	Direct
2007-10-23	Common Stock	S	6200	$56.67	Disposed	155142	Direct
2007-10-23	Common Stock	S	1804	$56.68	Disposed	153338	Direct
2007-10-23	Common Stock	S	2900	$56.69	Disposed	150438	Direct
2007-10-23	Common Stock	S	4200	$56.70	Disposed	146238	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-10-23	Options (Right to Buy)	$14.31	M	120000	Disposed	2013-03-18	Common Stock (120000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	44063	Indirect
Common Stock	34635	Indirect

Footnotes

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