Insider Trades - LERER RENE

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LERER RENE: Declared Holdings
Company/Relationship	Reported	Shares	Ownership
Magellan Health Services, Inc. Officer NasdaqGS:MGLN (historical quotes, profile, other insiders)	5-Mar-09	38,540	Direct

Insider & restricted shareholder transactions reported over the last two years
Date Shares Stock Transaction
5-Mar-09 7,435 MGLN Option Exercise at $0 per share.
5-Mar-09 3,081 MGLN Disposition (Non Open Market) at $31.84 per share.
(Value of $98,099)
2-Mar-09 7,267 MGLN Option Exercise at $0 per share.
2-Mar-09 3,011 MGLN Disposition (Non Open Market) at $32.31 per share.
(Value of $97,285)
24-Feb-09 5,623 MGLN Option Exercise at $0 per share.
24-Feb-09 1,768 MGLN Disposition (Non Open Market) at $33.99 per share.
(Value of $60,094)
3-Mar-08 7,267 MGLN Option Exercise at $0 per share.
3-Mar-08 3,011 MGLN Disposition (Non Open Market) at $41.98 per share.
(Value of $126,401)
25-Feb-08 5,623 MGLN Option Exercise at $0 per share.
25-Feb-08 1,768 MGLN Disposition (Non Open Market) at $44.04 per share.
(Value of $77,862)

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Insider & restricted shareholder transactions reported over the last two years
Date	Shares	Stock	Transaction
5-Mar-09	7,435	MGLN	Option Exercise at $0 per share.
5-Mar-09	3,081	MGLN	Disposition (Non Open Market) at $31.84 per share. (Value of $98,099)
2-Mar-09	7,267	MGLN	Option Exercise at $0 per share.
2-Mar-09	3,011	MGLN	Disposition (Non Open Market) at $32.31 per share. (Value of $97,285)
24-Feb-09	5,623	MGLN	Option Exercise at $0 per share.
24-Feb-09	1,768	MGLN	Disposition (Non Open Market) at $33.99 per share. (Value of $60,094)
3-Mar-08	7,267	MGLN	Option Exercise at $0 per share.
3-Mar-08	3,011	MGLN	Disposition (Non Open Market) at $41.98 per share. (Value of $126,401)
25-Feb-08	5,623	MGLN	Option Exercise at $0 per share.
25-Feb-08	1,768	MGLN	Disposition (Non Open Market) at $44.04 per share. (Value of $77,862)