MCDONALDS CORP

Ticker: MCD CUSIP: 580135101 Class: Common Stock

KINGDON CAPITAL MANAGEMENT, L.L.C.'s Holding History (CIK: 0001000097)

Note: Option positions (PUT/CALL) are excluded.

Q3 2017

Shares 13,078 Value ($000) $2,049 Avg Close $128.65 Range $124.32 - $133.25

Q2 2017

Shares 35,943 Value ($000) $5,505 Avg Close $117.92 Range $104.72 - $127.34

Q1 2017

Shares 50,000 Value ($000) $6,481 Avg Close $101.70 Range $95.50 - $105.98

Q1 2016

Shares 101,712 Value ($000) $12,783 Avg Close $93.96 Range $88.35 - $100.28

Q4 2015

Shares 97,256 Value ($000) $11,490 Avg Close $87.24 Range $75.55 - $94.25

Q1 2015

Shares 85,000 Value ($000) $8,282 Avg Close $72.15 Range $67.27 - $77.27

Q3 2014

Shares 45,000 Value ($000) $4,266 Avg Close $71.25 Range $68.00 - $75.48

Q2 2014

Shares 29,805 Value ($000) $3,003 Avg Close $74.80 Range $71.30 - $76.67

Q1 2014

Shares 225,000 Value ($000) $22,057 Avg Close $70.27 Range $67.55 - $73.19

Period	Shares	Value ($000)	Average Close	Price Range
Q3 2017	13,078	$2,049	$128.65	$124.32 - $133.25
Q2 2017	35,943	$5,505	$117.92	$104.72 - $127.34
Q1 2017	50,000	$6,481	$101.70	$95.50 - $105.98
Q1 2016	101,712	$12,783	$93.96	$88.35 - $100.28
Q4 2015	97,256	$11,490	$87.24	$75.55 - $94.25
Q1 2015	85,000	$8,282	$72.15	$67.27 - $77.27
Q3 2014	45,000	$4,266	$71.25	$68.00 - $75.48
Q2 2014	29,805	$3,003	$74.80	$71.30 - $76.67
Q1 2014	225,000	$22,057	$70.27	$67.55 - $73.19