Key facts
- This page summarizes Douglas J. May's Form 4 filing for Magellan Midstream Partners, L.P..
- 3 reported transactions and 2 derivative rows are listed below.
- Accepted by SEC: 27 Sep 2023, 21:44.
Douglas J. May - 25 Sep 2023 Form 4 Insider Report for Magellan Midstream Partners, L.P.
- Reporting relationship
- Senior Vice President
- Issuer ticker
- N/A
- Reported as of
- 25 Sep 2023
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 27 Sep 2023, 21:44:41 UTC
- Prior SEC filing
- 26 Jan 2023
- Source filing
- View source filing
- Reporting owner signature
- By: Richard Carson, Attorney-in fact for Douglas J. May
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Douglas J. May filed Form 4 for Magellan Midstream Partners, L.P. on 27 Sep 2023.
Change
- Previous filing in this sequence was filed on 26 Jan 2023.
- Current net transaction value: $0.
Research use
- This tells you what this filing adds before you inspect full transaction and derivative tables.
- You can trace every row back to the original SEC filing document.
Evidence
Filed on Form 4
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
MMP
transaction
Common Units
Disposed to Issuer
- Transaction value
- Shares
- -71,521
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 25 Sep 2023
- Ownership
- Direct
- Footnotes
- F1
Reported derivative securities
Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.
MMP
transaction
Derivative
Phantom Units
Disposed to Issuer
- Transaction value
- Shares
- -33,190
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 25 Sep 2023
- Ownership
- Direct
- Underlying class
- Common Units
- Underlying amount
- 33,190
- Exercise price
- Footnotes
- F2
MMP
transaction
Derivative
Phantom Units
Disposed to Issuer
- Transaction value
- Shares
- -66,382
- Change %
- -100%
- Price
- Shares after
- 0
- Date
- 25 Sep 2023
- Ownership
- Direct
- Underlying class
- Common Units
- Underlying amount
- 66,382
- Exercise price
- Footnotes
- F3
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Section 16 status
Douglas J. May is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.
Explanation of responses 3 footnotes
Footnote F1
Pursuant to the Agreement and Plan of Merger, dated as of May 14, 2023 (the "Merger Agreement"), by and among ONEOK, Inc. ("ONEOK"), Otter Merger Sub LLC, and Magellan Midstream Partners, L.P. ("Magellan"), each unit of Magellan (the "Magellan Unit") issued and outstanding immediately prior to the time of the merger became effective (the "Effective Time"), was converted into the right to receive 0.667 shares of ONEOK common stock (the "ONEOK Common Stock"). On September 25, 2023, the closing price of one share of ONEOK common stock was $66.54.
Footnote F2
Pursuant to the Merger Agreement, each award of phantom units of Magellan ("Magellan Award") based solely on the passage of time that was outstanding at the Effective Time was assumed by ONEOK and converted, on the same terms and conditions of such Magellan Award, into a restricted stock unit award of ONEOK equal to the product obtained by multiplying (x) the number of Magellan Units underlying the Magellan Award by (y) the Equity Exchange Ratio (as defined in the Merger Agreement) and rounded up or down to the nearest whole share of ONEOK Common Stock.
Footnote F3
Pursuant to the Merger Agreement, each Magellan Award based on performance metrics that was outstanding at the Effective Time was assumed by ONEOK and converted, on the same terms and conditions of such Magellan Award, into a restricted stock unit award of ONEOK equal to the product obtained by multiplying (x) the number of Magellan Units underlying the Magellan Award, assuming achievement of the applicable performance-based vesting condition at the maximum level, by (y) the Equity Exchange Ratio (as defined in the Merger Agreement) and rounded up or down to the nearest whole share of ONEOK Common Stock.