MCDONALDS CORP — Director's Dealing 2007

Jun 19, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MCDONALDS CORP (MCD)
CIK: 0000063908
Period of Report: 2007-06-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-06-15	Common Stock	M	20000	$26.25	Acquired	35489	Direct
2007-06-15	Common Stock	S	200	$52.45	Disposed	35289	Direct
2007-06-15	Common Stock	S	600	$52.46	Disposed	34689	Direct
2007-06-15	Common Stock	S	5300	$52.47	Disposed	29389	Direct
2007-06-15	Common Stock	S	1500	$52.48	Disposed	27889	Direct
2007-06-15	Common Stock	S	6200	$52.49	Disposed	21689	Direct
2007-06-15	Common Stock	S	1800	$52.50	Disposed	19889	Direct
2007-06-15	Common Stock	S	1700	$52.51	Disposed	18189	Direct
2007-06-15	Common Stock	S	2700	$52.52	Disposed	15489	Direct
2007-06-15	Common Stock	I	33442	$52.17	Disposed	0	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-06-15	Options (Right to Buy)	$26.25	M	20000	Disposed	2008-03-24	Common Stock (20000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9205	Indirect

Footnotes

F1: Discretionary transaction in the Company's Profit Sharing and Savings Plan, transferring funds out of the McDonald's Corporation common stock fund into other investment options.

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