MCDONALDS CORP — Director's Dealing 2011

Nov 15, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MCDONALDS CORP (MCD)
CIK: 0000063908
Period of Report: 2011-11-11

Reporting Person: Bensen Peter J (Corp Exec Vice Pres and CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-11-11	Common Stock	M	13826	$35.25	Acquired	19211	Direct
2011-11-11	Common Stock	S	19211	$94.2574	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-11-11	Options (Right to Buy)	$35.25	M	13826	Disposed	2013-03-21	Common Stock (13826)	Direct
2011-11-11	Phantom Stock	$	I	5276.49	Acquired		Common Stock (5276.49)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	241.37	Indirect

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $94.03 to $94.8325 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 become exercisable in 25% increments on the first, second, third and fourth anniversary dates of the grant.

F3: Each share of phantom stock represents the right to receive the cash value of one share of McDonald's Corporation common stock.

F4: Shares of phantom stock are payable in cash following the reporting person's separation from service with McDonald's.