Sivasankaran Somasundaram - 02 Jun 2022 Form 4 Insider Report for Magellan Midstream Partners, L.P. (MMP)

Role
Director
Signature
/s/ Sivasankaran Somasundaram
Issuer symbol
MMP
Transactions as of
02 Jun 2022
Net transactions value
+$106,208
Form type
4
Filing time
03 Jun 2022, 15:22:35 UTC
Previous filing
04 May 2022
Next filing
07 Jun 2022
SEC
View on sec.gov

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 $104,022 +2,147 $48.45 2,147 02 Jun 2022 Common Units 2,147 Direct F1, F2
transaction MMP Phantom Units Award $2,186 +45 +2.1% $48.58 2,192 02 Jun 2022 Common Units 45 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.