FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      
1. Name and Address of Reporting Person * Gross Marion K. 2. Date of Event Requiring Statement (MM/DD/YYYY)
9/1/2022 

3. Issuer Name and Ticker or Trading Symbol MCDONALDS CORP [MCD]
(Last)        (First)        (Middle)
MCDONALD'S CORPORATION, 110 NORTH CARPENTER STREET
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)_____ Director                          _____ 10% Owner
___X___ Officer (give title below)        _____ Other (specify below)
EVP-Chief Supply Chain Officer /
(Street)
CHICAGO, IL 60607      
(City)              (State)              (Zip)
5. If Amendment, Date Original Filed(MM/DD/YYYY)
 

6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock  308.28  D   
Common Stock  2211.62  I  By Spouse 
Common Stock  11352.87  I  By Trust 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Options (Right to Buy)   (1) 2/13/2023  Common Stock  1396  $94  D   
Options (Right to Buy)   (1) 2/12/2024  Common Stock  8036  $94.89  D   
Options (Right to Buy)   (1) 3/16/2025  Common Stock  10594  $97.15  D   
Options (Right to Buy)   (1) 2/11/2026  Common Stock  14992  $116.73  D   
Options (Right to Buy)   (1) 3/8/2027  Common Stock  14865  $128.09  D   
Options (Right to Buy)   (1) 2/19/2028  Common Stock  10505  $157.79  D   
Options (Right to Buy)   (1) 2/13/2029  Common Stock  9766  $174.15  D   
Options (Right to Buy)   (1) 2/18/2030  Common Stock  9567  $216.15  D   
Options (Right to Buy)   (1) 2/16/2031  Common Stock  9706  $215.03  D   
Options (Right to Buy)   (1) 2/14/2032  Common Stock  6233  $253.39  D   
Restricted Stock Units  2/18/2023 (2) 2/18/2023  Common Stock  1218 (3)  (4) D   
Restricted Stock Units  2/16/2024 (5) 2/16/2024  Common Stock  1382 (3)  (4) D   
Restricted Stock Units  2/14/2025 (6) 2/14/2025  Common Stock  967 (3)  (4) D   
Phantom Stock   (7)  (7) Common Stock  8772.72   (8) I  Non-Qualified Benefit Plan 

Explanation of Responses:
(1)  Options become exercisable in 25% increments on the first, second, third and fourth anniversary dates of the grant.
(2)  Subject to performance-based vesting conditions linked to diluted earnings per share ("EPS") growth and return on incremental invested capital ("ROIIC") for the period of January 1, 2020 through December 31, 2022 (the "2020-2022 Performance Period"). If McDonald's Corporation satisfies both the EPS and ROIIC thresholds, then the number of restricted stock units ("RSUs") that vest may be increased or decreased based upon the McDonald's Corporation total shareholder return relative to the S&P 500 Index over the 2020-2022 Performance Period.
(3)  Represents the target number of RSUs granted. The number of RSUs earned will range from 50% to 150% or the target number of RSUs granted based upon the performance results.
(4)  Each RSU represents a right to acquire one share of McDonald's Corporation common stock.
(5)  Subject to performance-based vesting conditions linked to diluted EPS growth and return on invested capital ("ROIC") for the period of January 1, 2021 through December 31, 2023 (the "2021-2023 Performance Period"). If McDonald's Corporation satisfies both the EPS and ROIC 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&P 500 Index over the 2021-2023 Performance Period.
(6)  Subject to performance-based vesting conditions linked to diluted EPS growth and ROIC for the period of January 1, 2022 through December 31, 2024 (the "2022-2024 Performance Period"). If McDonald's Corporation satisfies both the EPS and ROIC 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&P 500 Index over the 2022-2024 Performance Period.
(7)  Shares of phantom stock are payable in cash following the reporting person's separation from service with McDonald's Corporation.
(8)  Each share of phantom stock represents a right to receive the cash value of one share of McDonald's Corporation common stock.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Gross Marion K.
MCDONALD'S CORPORATION
110 NORTH CARPENTER STREET
CHICAGO, IL 60607


EVP-Chief Supply Chain Officer

Signatures
/s/ Christopher Weber, Attorney-in-fact 9/8/2022
**Signature of Reporting Person Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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