MCDONALDS CORP — Director's Dealing 2018

May 3, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MCDONALDS CORP (MCD)
CIK: 0000063908
Period of Report: 2018-05-01

Reporting Person: OZAN KEVIN M (Exec Vice Pres & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-05-01	Common Stock	M	11755	$75.93	Acquired	29800	Direct
2018-05-01	Common Stock	S	18636	$165.69	Disposed	11164	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-05-01	Options (Right to Buy)	$75.93	M	11755	Disposed	2021-02-09	Common Stock (11755)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3556.96	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock	$		Common Stock (2454.10)	2454.10	Indirect

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $165.35 to $166.50 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: Includes shares acquired through dividend reinvestment.

F3: Options become exercisable in 25% increments on the first, second, third and fourth anniversary dates of the grant.

F4: Each share of phantom stock represents a right to receive the cash value of one share of McDonald's Corporation common stock.

F5: Shares of phantom stock are payable in cash following the reporting person's separation from service with McDonald's.