FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person * Lotvin Alan   2. Issuer Name and Ticker or Trading Symbol MAGELLAN HEALTH SERVICES INC [MGLN] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) President, ICore Healthcare (Last) (First) (Middle) 55 NOD ROAD 3. Date of Earliest Transaction (Month/Day/Year) 11/08/2010 (Street) AVON, CT 06001 4. If Amendment, Date Original Filed(Month/Day/Year) 6. Individual or Joint/Group Filing(Check Applicable Line) _X_ Form filed by One Reporting Person ___ Form filed by More than One Reporting Person (City) (State) (Zip) Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned

1.Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Ordinary Common Stock, $0.01 par value 11/08/2010   X(1)   2,200 A $ 41.47 3,285 D   Ordinary Common Stock, $0.01 par value 11/08/2010   X(1)   7,458 A $ 32.91 10,743 D   Ordinary Common Stock, $0.01 par value 11/08/2010   S(1)   1,100 D $ 48.85 (5) 9,643 D   Ordinary Common Stock, $0.01 par value 11/08/2010   S(1)   1,100 D $ 48.845 (6) 8,543 D   Ordinary Common Stock, $0.01 par value 11/08/2010   S(1)   7,458 D $ 48.891 (7) 1,085 D   Ordinary Common Stock, $0.01 par value 11/08/2010   S(1)   876 D $ 48.85 (8) 209 D

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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 3)

2. Conversion or Exercise Price of Derivative Security

3. Transaction Date (Month/Day/Year)

3A. Deemed Execution Date, if any (Month/Day/Year)

4. Transaction Code (Instr. 8)

5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5)

6. Date Exercisable and Expiration Date (Month/Day/Year)

7. Title and Amount of Underlying Securities (Instr. 3 and 4)

8. Price of Derivative Security (Instr. 5)

9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)

10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)

11. Nature of Indirect Beneficial Ownership (Instr. 4)

Code

V

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Stock Option (right to buy)

$ 41.47

11/08/2010

X(1)

2,200

(2)

05/20/2018

Common Stock

2,200

$ 0 (3)

1,153

D

Stock Option (right to buy)

$ 32.91

11/08/2010

X(1)

7,458

(4)

03/04/2019

Common Stock

7,458

$ 0 (3)

15,196

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Lotvin Alan 55 NOD ROAD AVON, CT 06001			President, ICore Healthcare

Signatures

/s/ Alan Lotvin		11/10/2010
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	This transaction was effectuated pursuant to a Rule10b-5-1 plan.
(2)	2,236 options have vested and are exercisable, of which 2,200 options have been exercised in the reported transaction. The remainder of 1,117 options shall vest on May 20, 2011.
(3)	Not applicable.
(4)	7,551 options have vested and are exercisable, of which 7,458 options have been exercised in the reported transaction. The remainder of 15,103 options will vest in equal increments on each of March 4 of 2011 and 2012.
(5)	Price reflected is an average sale price for shares sold. Please see attached Exhibit 99.1 for a complete list of all sales by sales price.
(6)	Price reflected is an average sale price for shares sold. Please see attached Exhibit 99.2 for a complete list of all sales by sales price.
(7)	Price reflected is an average sale price for shares sold. Please see attached Exhibit 99.3 for a complete list of all sales by sales price.
(8)	Price reflected is an average sale price for shares sold. Please see attached Exhibit 99.4 for a complete list of all sales by sales price.

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