MCDONALDS CORP — Director's Dealing 2007

Sep 18, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MCDONALDS CORP (MCD)
CIK: 0000063908
Period of Report: 2007-09-14

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-09-14	Common Stock	M	33000	$35.25	Acquired	33000	Direct
2007-09-14	Common Stock	M	20500	$40.4375	Acquired	53500	Direct
2007-09-14	Common Stock	S	53500	$53.57	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-09-14	Options (Right to Buy)	$35.25	M	33000	Disposed	2013-03-21	Common Stock (33000)	Direct
2007-09-14	Options (Right to Buy)	$40.4375	M	20500	Disposed	2012-05-19	Common Stock (20500)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	11447	Indirect
Common Stock	8059	Indirect

Footnotes

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