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Ownership Document
|
| Schema Version: X0306 |
| Document Type: 5 |
| Period of Report: 12/12/12 |
| Not Subject to Section 16: 0 |
| Form 3 Holdings Reported: 0 |
| Form 4 Transactions Reported: 0 |
| Issuer: |
| Issuer CIK: 19411 |
| Issuer Name: MAGELLAN HEALTH SERVICES INC |
| Issuer Trading Symbol: MGLN |
| Reporting Owner: |
| Reporting Owner ID: |
| | Owner CIK: 1256230 |
| | Owner Name: BROSHY ERAN |
| Reporting Owner Address: |
| | Owner Street 1: 55 NOD ROAD |
| | Owner Street 2: |
| | Owner City: AVON |
| | Owner State: CT |
| | Owner ZIP Code: 06001 |
| | Owner State Description: |
| Reporting Owner Relationship: |
| | Is Director? Yes |
| | Is Officer? No |
| | Is Ten Percent Owner? No |
| | Is Other? No |
| Non-Derivative Table: |
| Non-Derivative Transaction: |
| | Security Title: |
| | | Value: Ordinary Common Stock, $0.01 par value |
| | Transaction Date: |
| | | Value: 5/18/12 |
| | Transaction Coding: |
| | | Transaction Form Type: 5 |
| | | Transaction Code: G |
| | | Equity Swap Involved? No |
| | | Footnote ID: F1 |
| | Transaction Amounts: |
| | | Transaction Shares: |
| Value: 7,300 |
| | | Transaction Price Per Share: |
| Value: 0 |
| Footnote ID: F2 |
| | | Transaction Acquired-Disposed Code: |
| Value: D |
| | Post-Transaction Amounts: |
| | | Shares Owned Following Transaction: |
| Value: 6,259 |
| | Ownership Nature: |
| | | Direct or Indirect Ownership: |
| Value: D |
| Footnotes: |
| Footnote - F1: This transaction relates to a gift of shares by Mr. Broshy to a family irrevocable trust. |
| Footnote - F2: Not applicable. |
| Owner Signature: |
| Signature Name: /s/ Eran Broshy |
| Signature Date: 12/17/12 |
