MCDONALDS CORP — Director's Dealing 2011

Dec 19, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MCDONALDS CORP (MCD)
CIK: 0000063908
Period of Report: 2011-12-15

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-12-15	Common Stock	M	25300	$35.25	Acquired	96263	Direct
2011-12-15	Common Stock	S	25300	$98.6895	Disposed	70963	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-12-15	Options (Right to Buy)	$35.25	M	25300	Disposed	2013-03-21	Common Stock (25300)	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $98.67 to $98.749 per share. The price reported represents the weighted average sales price of these trades. The reporting person hereby undertakes to provide upon request to the SEC staff, the issuer, or a security holder of the issuer, full information regarding the shares sold at each separate price.

F2: Options became exercisable in 25% increments on the first, second, third and fourth anniversary dates of the grant.