MCDONALDS CORP - Director's Dealing 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MCDONALDS CORP (MCD)
CIK: 0000063908
Period of Report: 2008-06-10

Reporting Person: Armario Jose (Grp Pres Canada & Lat America)

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-06-10	Common Stock	S	6828	$59.94	Disposed	25972	Direct
2008-06-10	Common Stock	S	1300	$59.93	Disposed	24672	Direct
2008-06-10	Common Stock	S	900	$59.92	Disposed	23772	Direct
2008-06-10	Common Stock	S	1400	$59.91	Disposed	22372	Direct
2008-06-10	Common Stock	S	4200	$59.90	Disposed	18172	Direct
2008-06-10	Common Stock	S	2100	$59.89	Disposed	16072	Direct
2008-06-10	Common Stock	S	1100	$59.88	Disposed	14972	Direct
2008-06-10	Common Stock	S	1200	$59.87	Disposed	13772	Direct
2008-06-10	Common Stock	S	144	$59.86	Disposed	13628	Direct
2008-06-10	Common Stock	S	8556	$59.85	Disposed	5072	Direct

Security	Shares	Ownership
Common Stock	8551	Indirect

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock	$		Common Stock (8992)	8992	Indirect

F1: Second of two Forms 4 reporting transactions completed on June 10, 2008.

F2: Each share of phantom stock represents the right to receive the cash value of one share of McDonald's Corporation common stock.

F3: Shares of phantom stock are payable in cash following the reporting person's separation from service with McDonald's.