MCDONALDS CORP

Ticker: MCD CUSIP: 580135101 Class: Common Stock

WATER ISLAND CAPITAL LLC's Holding History (CIK: 0001222765)

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

Q4 2017

Shares 2,375 Value ($000) $409 Avg Close $138.65 Range $128.37 - $145.70

Q3 2017

Shares 2,000 Value ($000) $313 Avg Close $128.65 Range $124.32 - $133.25

Q1 2017

Shares 5,059 Value ($000) $656 Avg Close $101.70 Range $95.50 - $105.98

Q4 2016

Shares 4,842 Value ($000) $589 Avg Close $94.30 Range $88.47 - $100.20

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2017	2,375	$409	$138.65	$128.37 - $145.70
Q3 2017	2,000	$313	$128.65	$124.32 - $133.25
Q1 2017	5,059	$656	$101.70	$95.50 - $105.98
Q4 2016	4,842	$589	$94.30	$88.47 - $100.20