MCDONALDS CORP — Director's Dealing 2007

Oct 23, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MCDONALDS CORP (MCD)
CIK: 0000063908
Period of Report: 2007-10-22

Reporting Person: Thompson Donald (President, McDonald's USA)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-10-22	Common Stock	M	64000	$14.31	Acquired	64293	Direct
2007-10-22	Common Stock	S	64000	$55.90	Disposed	293	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-10-22	Options (Right to Buy)	$14.31	M	64000	Disposed	2013-03-18	Common Stock (64000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	8023	Indirect
Common Stock	18125	Indirect

Footnotes

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