Sivasankaran Somasundaram - Jan 3, 2023 Form 4 Insider Report for Magellan Midstream Partners, L.P. (MMP)

Role
Director
Signature
/s/ Sivasankaran Somasundaram
Stock symbol
MMP
Transactions as of
Jan 3, 2023
Transactions value $
$161,028
Form type
4
Date filed
1/5/2023, 03:10 PM
Previous filing
Nov 16, 2022
Next filing
Feb 10, 2023

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction MMP Phantom Units Award $161K +3.21K +95.36% $50.18 6.57K Jan 3, 2023 Common Units 3.21K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each phantom unit is the economic equivalent of one common unit.
F2 The phantom units become payable in cash or common units upon the reporting person's termination of service as a director in accordance with the terms of the Director Deferred Compensation Plan.