MCDONALDS CORP — Director's Dealing 2007

Apr 25, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MCDONALDS CORP (MCD)
CIK: 0000063908
Period of Report: 2007-04-23

Reporting Person: PAULL MATTHEW H (Corp Sr Exec VP and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-04-23	Common Stock	M	30000	$14.31	Acquired	30000	Direct
2007-04-23	Common Stock	S	400	$48.68	Disposed	29600	Direct
2007-04-23	Common Stock	S	2800	$48.67	Disposed	26800	Direct
2007-04-23	Common Stock	S	1400	$48.66	Disposed	25400	Direct
2007-04-23	Common Stock	S	2900	$48.65	Disposed	22500	Direct
2007-04-23	Common Stock	S	3900	$48.64	Disposed	18600	Direct
2007-04-23	Common Stock	S	800	$48.63	Disposed	17800	Direct
2007-04-23	Common Stock	S	2100	$48.62	Disposed	15700	Direct
2007-04-24	Common Stock	S	2200	$48.61	Disposed	13500	Direct
2007-04-23	Common Stock	S	3300	$48.60	Disposed	10200	Direct
2007-04-23	Common Stock	S	800	$48.59	Disposed	9400	Direct
2007-04-23	Common Stock	S	2100	$48.58	Disposed	7300	Direct
2007-04-23	Common Stock	S	4100	$48.57	Disposed	3200	Direct
2007-04-23	Common Stock	S	1400	$48.56	Disposed	1800	Direct
2007-04-23	Common Stock	S	1400	$48.55	Disposed	400	Direct
2007-04-23	Common Stock	S	400	$48.54	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-04-23	Options (Right to Buy)	$14.31	M	30000	Disposed	2013-03-18	Common Stock (30000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5729	Indirect
Common Stock	12924	Indirect

Footnotes

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