MCDONALDS CORP — Director's Dealing 2019

May 3, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: MCDONALDS CORP (MCD)
CIK: 0000063908
Period of Report: 2019-05-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-05-01	Common Stock	M	18384	$100.05	Acquired	20641	Direct
2019-05-01	Common Stock	S	18384	$196.51	Disposed	2257	Direct
2019-05-01	Common Stock	S	2257	$195.54	Disposed	0	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-05-01	Options (Right to Buy)	$100.05	M	18384	Disposed	2022-02-08	Common Stock (18384)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2797.30	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Phantom Stock	$		Common Stock (8336.23)	8336.23	Indirect

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $196.30 to $196.81 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.