Aaron L. Milford - 26 Jan 2022 Form 4 Insider Report for Magellan Midstream Partners, L.P. (MMP)

Role: Chief Operating Officer
Signature: /s/ Aaron L. Milford
Issuer symbol: MMP
Transactions as of: 26 Jan 2022
Net transactions value: +$1,647,738
Form type: 4
Filing time: 28 Jan 2022, 15:22:48 UTC
Next filing: 26 Jan 2023
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	MMP	Common Units	Options Exercise	$1,143,492	+24,623	+51%	$46.44	73,110	26 Jan 2022	Direct
transaction	MMP	Common Units	Tax liability	$359,074	-7,732	-11%	$46.44	65,378	26 Jan 2022	Direct

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	$546,970	+11,778	+24%	$46.44	61,791	26 Jan 2022	Common Units	11,778		Direct	F1
transaction	MMP	Phantom Units	Options Exercise	$1,143,492	-24,623	-40%	$46.44	37,168	26 Jan 2022	Common Units	24,623		Direct	F1
transaction	MMP	Phantom Units	Award	$1,059,576	+22,689	+61%	$46.70	59,857	26 Jan 2022	Common Units	22,689		Direct	F1
transaction	MMP	Phantom Units	Award	$400,266	+8,571	+14%	$46.70	68,428	26 Jan 2022	Common Units	8,571		Direct	F1, F2

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	One-for-One
F2	Effective upon Mr. Milford's promotion to Chief Executive Officer and President on May 1, 2022.