MCDONALDS CORP — Director's Dealing 2008

Feb 20, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MCDONALDS CORP (MCD)
CIK: 0000063908
Period of Report: 2008-02-16

Reporting Person: Alvarez Ralph (President and COO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-02-16	Common Stock	M	12270	—	Acquired	12278	Direct
2008-02-16	Common Stock	F	3614	$55.30	Disposed	8664	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-02-16	Restricted Stock Units	$	M	12270	Disposed	2008-02-16	Common Stock (12270)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	40542	Indirect

Footnotes

F1: Each restricted stock unit represents a right to acquire one share of McDonald's Corporation common stock.

F2: Vesting of these restricted stock units was contingent upon the Company's achievement of required target performance measures.