SEC Form 4 · accession 0001567619-19-004711
MCDONALDS CORP · MCD
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Catherine A. Hoovel
Officer — VP - Chief Acctg Officer
Period of report
Feb 13, 2019
Accepted (ET)
Feb 15, 2019 · 7:22 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000063908
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 14, 2019 | M | 1,328 | $63.25 | A | 2,499 | D | |
| Common Stock | Feb 14, 2019 | S | 1,328 | $175.95 | D | 1,171 | D | |
| Common StockF1 | holding | — | — | — | 544 | I | Profit Sharing Plan |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Options (Right to Buy)F2 | $174.15 | Feb 13, 2019 | A | 4,297 | A | — | Feb 13, 2029 | Common Stock | 4,297 | 4,297 | D |
| Restricted Stock UnitsF4,F3 | — | Feb 13, 2019 | A | 614 | A | Feb 13, 2022 | Feb 13, 2022 | Common Stock | 614 | 614 | D |
| Options (Right to Buy)F2 | $63.25 | Feb 14, 2019 | M | 1,328 | D | — | Feb 10, 2020 | Common Stock | 1,328 | 0 | D |
Explanation of responses
- F1Includes shares acquired through dividend reinvestment.
- F2Options become exercisable in 25% increments on the first, second, third and fourth anniversary dates of the grant.
- F3Each restricted stock unit ("RSU") represents a right to acquire one share of McDonald's Corporation common stock.
- F4Represents the target number of RSUs granted, 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, 2019 through December 31, 2021 (the "Performance Period"). 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&P 500 Index over the Performance Period. The number of RSUs earned will range from 0% to 150% of the target number of RSUs granted.