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: 2007-09-17

Reporting Person: Fenton Timothy J (President, McDonald's APMEA)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-09-17	Common Stock	M	38000	$29.43	Acquired	53489	Direct
2007-09-17	Common Stock	M	10400	$14.31	Acquired	63889	Direct
2007-09-17	Common Stock	F	32036	$54.7	Disposed	31853	Direct
2007-09-17	Common Stock	F	1005	$54.71	Disposed	30848	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-09-17	Options (Right to Buy)	$29.43	M	38000	Disposed	2011-02-02	Common Stock (38000)	Direct
2007-09-17	Options (Right to Buy)	$14.31	M	10400	Disposed	2013-03-18	Common Stock (10400)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9210	Indirect

Footnotes

F1: The Reporting Person surrendered shares of McDonald's Corporation Common Stock to pay the exercise price and taxes related to his option exercise.

F2: Options become exercisable in 25% increments on the first, second, third, and fourth anniversary dates of the grant.