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: 2019-05-02

Reporting Person: Erlinger Joseph M. (President - Intl Oper Mkts)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-05-02	Common Stock	M	6638	$75.93	Acquired	11658	Direct
2019-05-02	Common Stock	M	8396	$100.05	Acquired	20054	Direct
2019-05-02	Common Stock	M	6649	$94.00	Acquired	26703	Direct
2019-05-02	Common Stock	S	21683	$193.37	Disposed	5020	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-05-02	Options (Right to Buy)	$75.93	M	6638	Disposed	2021-02-09	Common Stock (6638)	Direct
2019-05-02	Options (Right to Buy)	$100.05	M	8396	Disposed	2022-02-08	Common Stock (8396)	Direct
2019-05-02	Options (Right to Buy)	$94.00	M	6649	Disposed	2023-02-13	Common Stock (6649)	Direct

Footnotes

F1: This transaction was executed in multiple trades at prices ranging from $193.32 to $193.50 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: Options become exercisable in 25% increments on the first, second, third and fourth anniversary dates of the grant.