MCDONALDS CORP — Director's Dealing 2007

Jan 26, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MCDONALDS CORP (MCD)
CIK: 0000063908
Period of Report: 2007-01-25

Reporting Person: SANTONA GLORIA (Corp Exec VP, Gen Coun, Secy)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-01-25	Common Stock	M	34000	$23.50	Acquired	88695	Direct
2007-01-25	Common Stock	S	5700	$43.89	Disposed	82995	Direct
2007-01-25	Common Stock	S	2100	$43.9	Disposed	80895	Direct
2007-01-25	Common Stock	S	2300	$43.91	Disposed	78595	Direct
2007-01-25	Common Stock	S	1100	$43.92	Disposed	77495	Direct
2007-01-25	Common Stock	S	1300	$43.93	Disposed	76195	Direct
2007-01-25	Common Stock	S	600	$43.94	Disposed	75595	Direct
2007-01-25	Common Stock	S	1500	$43.95	Disposed	74095	Direct
2007-01-25	Common Stock	S	2300	$43.96	Disposed	71795	Direct
2007-01-25	Common Stock	S	2100	$43.97	Disposed	69695	Direct
2007-01-25	Common Stock	S	1900	$43.98	Disposed	67795	Direct
2007-01-25	Common Stock	S	6000	$43.99	Disposed	61795	Direct
2007-01-25	Common Stock	S	7100	$44	Disposed	54695	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-01-25	Options (Right to Buy)	$23.50	M	34000	Disposed	2007-03-18	Common Stock (34000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	14296	Indirect
Common Stock	3849	Indirect

Footnotes

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