<SEC-DOCUMENT>0001567619-19-004694.txt : 20190215
<SEC-HEADER>0001567619-19-004694.hdr.sgml : 20190215
<ACCEPTANCE-DATETIME>20190215190622
ACCESSION NUMBER:		0001567619-19-004694
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20190213
FILED AS OF DATE:		20190215
DATE AS OF CHANGE:		20190215

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Borden Ian Frederick
		CENTRAL INDEX KEY:			0001647334

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-05231
		FILM NUMBER:		19612933

	MAIL ADDRESS:	
		STREET 1:		MCDONALD'S CORPORATION
		STREET 2:		110 NORTH CARPENTER STREET
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60607

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MCDONALDS CORP
		CENTRAL INDEX KEY:			0000063908
		STANDARD INDUSTRIAL CLASSIFICATION:	RETAIL-EATING PLACES [5812]
		IRS NUMBER:				362361282
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		110 NORTH CARPENTER STREET
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60607
		BUSINESS PHONE:		630 623 3000

	MAIL ADDRESS:	
		STREET 1:		110 NORTH CARPENTER STREET
		CITY:			CHICAGO
		STATE:			IL
		ZIP:			60607
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>doc1.xml
<DESCRIPTION>FORM 4
<TEXT>
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    <periodOfReport>2019-02-13</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000063908</issuerCik>
        <issuerName>MCDONALDS CORP</issuerName>
        <issuerTradingSymbol>MCD</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001647334</rptOwnerCik>
            <rptOwnerName>Borden Ian Frederick</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>MCDONALD'S CORPORATION</rptOwnerStreet1>
            <rptOwnerStreet2>110 NORTH CARPENTER STREET</rptOwnerStreet2>
            <rptOwnerCity>CHICAGO</rptOwnerCity>
            <rptOwnerState>IL</rptOwnerState>
            <rptOwnerZipCode>60607</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>President - Intl Dev Lic Mrkts</officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
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            <deemedExecutionDate></deemedExecutionDate>
            <transactionCoding>
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                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
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                <transactionAcquiredDisposedCode>
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                <transactionPricePerShare>
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                <transactionAcquiredDisposedCode>
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                <value>2019-02-13</value>
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            <expirationDate>
                <value>2019-02-13</value>
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                <underlyingSecurityTitle>
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        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Options (Right to Buy)</value>
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            <conversionOrExercisePrice>
                <value>174.15</value>
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            <transactionDate>
                <value>2019-02-13</value>
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            <transactionCoding>
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                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
                <transactionShares>
                    <value>29297</value>
                </transactionShares>
                <transactionPricePerShare>
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                <transactionAcquiredDisposedCode>
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            <exerciseDate>
                <footnoteId id="F4"/>
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            <expirationDate>
                <value>2029-02-13</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
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                </underlyingSecurityTitle>
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                    <value>D</value>
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        <derivativeTransaction>
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                <value>Restricted Stock Units</value>
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                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
                <transactionShares>
                    <value>4185</value>
                    <footnoteId id="F5"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2022-02-13</value>
                <footnoteId id="F5"/>
            </exerciseDate>
            <expirationDate>
                <value>2022-02-13</value>
            </expirationDate>
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                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>4185</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>4185</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
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        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">As a result of the Company's performance against the pre-approved financial targets, the reporting person vested in 173.3% of the original grant of 2,571 performance-based restricted stock units (&quot;RSUs&quot;).</footnote>
        <footnote id="F2">Each RSU represents a right to acquire one share of McDonald's Corporation common stock.</footnote>
        <footnote id="F3">Includes shares acquired through dividend reinvestment.</footnote>
        <footnote id="F4">Options become exercisable in 25% increments on the first, second, third and fourth anniversary dates of the grant.</footnote>
        <footnote id="F5">Represents the target number of RSUs granted, subject to performance-based vesting conditions linked to diluted earnings per share (&quot;EPS&quot;) growth and return on incremental invested capital (&quot;ROIIC&quot;) for the period of January 1, 2019 through December 31, 2021 (the &quot;Performance Period&quot;).  If McDonald's Corporation satisfies both the EPS and ROIIC thresholds, then the number of RSUs that vest may be increased or decreased based upon the McDonald's Corporation total shareholder return relative to the S&amp;P 500 Index over the Performance Period.  The number of RSUs earned will range from 0% to 200% of the target number of RSUs granted.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Christopher Weber, Attorney-in-fact</signatureName>
        <signatureDate>2019-02-15</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
