FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN 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 * Hoovel Catherine A. 2. Issuer Name and Ticker or Trading Symbol MCDONALDS CORP [ MCD ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
VP - Chief Acctg Officer
(Last)         (First)         (Middle)
MCDONALD'S CORPORATION, 110 NORTH CARPENTER STREET
3. Date of Earliest Transaction (MM/DD/YYYY)
2/19/2021
(Street)
CHICAGO, IL 60607
(City)       (State)       (Zip)
4. 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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock  2/19/2021    M    316 (1) A $0 (2) 1207  D   
Common Stock  2/19/2021    X    25  A $0 (3) 1232  D   
Common Stock  2/19/2021    F    109  D $212.24  1123  D   
Common Stock                 569.86 (4) I  Profit Sharing Plan 

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Restricted Stock Units   (2) 2/19/2021    M        316 (1)  2/19/2021  2/19/2021  Common Stock  316 (1) $0  0  D   
Dividend Equivalent Rights   (3) 2/19/2021    X        25    (3)  (3) Common Stock  25   (3) 0  D   

Explanation of Responses:
(1)  As a result of McDonald's Corporation's performance against the pre-approved financial targets, the reporting person vested in 50% of the original grant of 632 performance-based restricted stock units ("RSUs").
(2)  Each RSU represents a right to acquire one share of McDonald's Corporation common stock.
(3)  Settlement of dividend equivalent rights in connection with vested RSUs. Each dividend equivalent right is the economic equivalent of one share of McDonald's Corporation common stock.
(4)  Includes shares acquired through dividend reinvestment.

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


VP - Chief Acctg Officer

Signatures
/s/ Jennifer Card, Attorney-in-fact 2/23/2021
**Signature of Reporting Person Date