Industry News | April 23, 2002

McDonald's Quinlan Files To Sell 600,000 Shares of Company Stock

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Several news agencies, including Dow Jones and Reuters, reported today on McDonald's Corp. (NYSE:MCD) director Michael Quinlan's disclosure to the U.S. Securities and Exchange Commission that he intended to sell 600,000 shares of his restricted stock in the company on April 19th, a move he estimated was worth $16.5 million. As of today, McDonald's stock is trading at approximately $29 per share

Quinlan filed a Form 144, which announces only the seller's intention to sell; it is by no means a guarantee that the stock will be, or has been, sold. If the transaction does occur, Craig Long of Merrill Lynch will serve as broker, according to Quinlan's Form 144.

The SEC released Quinlan's filing this afternoon.