MCDONALDS CORP — Director's Dealing 2017

Jul 28, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MCDONALDS CORP (MCD)
CIK: 0000063908
Period of Report: 2017-07-26

Reporting Person: Krulewitch Jerome N (EVP, Gen Counsel and Secretary)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-07-26	Common Stock	M	11755	$75.93	Acquired	11755	Direct
2017-07-26	Common Stock	S	11755	$158.38	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-07-26	Options (Right to Buy)	$75.93	M	11755	Disposed	2021-02-09	Common Stock (11755)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2689.81	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock	$		Common Stock (8058.43)	8058.43	Indirect

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $158.02 to $158.57 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 a 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.