X0306 4 2016-05-13 0 0000019411 MAGELLAN HEALTH INC MGLN 0001219225 DIAMENT MICHAEL 55 NOD ROAD AVON CT 06001 1 0 0 0 Stock Option (right to buy) 40.21 2016-05-13 4 D 0 5856 25.30 D 2016-05-13 2016-05-16 Common Stock 5856 0 D The Stock options due to expire on May 16, 2016 were cashed out and the reporting person received a cash amount equal to 5,856 shares multiplied by the difference between the original exercise price of such options of $40.21 and the closing price of $65.51 per share of the Company's Common stock on NASDAQ on May 13, 2016. Price indicated is total cash amount of $148,156.80 divided by the difference between the original exercise price of the stock options of $40.21 and the closing price of $65.51 per share of the Company's Common Stock on NASDAQ on May 13, 2016. /s/ Michael Diament 2017-05-15