MCDONALDS CORP — Director's Dealing 2010

Apr 30, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MCDONALDS CORP (MCD)
CIK: 0000063908
Period of Report: 2010-04-29

Reporting Person: Armario Jose (Group Pres Canada & Lat Am)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-04-29	Common Stock	M	21620	$32.60	Acquired	40016	Direct
2010-04-29	Common Stock	S	21620	$70.99	Disposed	18396	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-04-29	Options (Right to Buy)	$32.60	M	21620	Disposed	2015-02-16	Common Stock (21620)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	9412.01	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock	$		Common Stock (15918.54)	15918.54	Indirect

Footnotes

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

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.