0001127602-11-016681.txt : 20110517 0001127602-11-016681.hdr.sgml : 20110517 20110517185124 ACCESSION NUMBER: 0001127602-11-016681 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110515 FILED AS OF DATE: 20110517 DATE AS OF CHANGE: 20110517 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: PARADEE LARI CENTRAL INDEX KEY: 0001307967 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-32329 FILM NUMBER: 11852938 MAIL ADDRESS: STREET 1: 2727 ALLEN PARKWAY STREET 2: SUITE 1200 CITY: HOUSTON STATE: TX ZIP: 77019 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Copano Energy, L.L.C. CENTRAL INDEX KEY: 0001297067 STANDARD INDUSTRIAL CLASSIFICATION: NATURAL GAS TRANSMISSION [4922] IRS NUMBER: 510411678 FISCAL YEAR END: 0721 BUSINESS ADDRESS: STREET 1: 2727 ALLEN PARKWAY, SUITE 1200 CITY: HOUSTON STATE: TX ZIP: 77019 BUSINESS PHONE: 713-621-9547 MAIL ADDRESS: STREET 1: 2727 ALLEN PARKWAY, SUITE 1200 CITY: HOUSTON STATE: TX ZIP: 77019 FORMER COMPANY: FORMER CONFORMED NAME: Copano Energy Holdings, L.L.C. DATE OF NAME CHANGE: 20040713 4 1 form4.xml PRIMARY DOCUMENT X0303 4 2011-05-15 0001297067 Copano Energy, L.L.C. CPNO 0001307967 PARADEE LARI 2727 ALLEN PARKWAY SUITE 1200 HOUSTON TX 77019 1 SVP, Controller & PAO Common Units 2011-05-15 4 M 0 384 A 48350 D Common Units 2011-05-15 4 M 0 250 A 48600 D Common Units 2011-05-15 4 M 0 480 A 49080 D Common Units 2011-05-15 4 M 0 760 A 49840 D Common Units 2011-05-15 4 M 0 867 A 50707 D Common Units 2011-05-15 4 F 0 723 32.34 D 49984 D Phantom Units 2011-05-15 4 M 0 384 D Common Units 384 26864 D Phantom Units 2011-05-15 4 M 0 250 D Common Units 250 500 D Phantom Units 2011-05-15 4 M 0 480 D Common Units 480 480 D Phantom Units 2011-05-15 4 M 0 760 D Common Units 760 2280 D Phantom Units 2011-05-15 4 M 0 867 D Common Units 867 1733 D Phantom Units 2011-05-17 4 A 0 2740 0 A Common Units 2740 2740 D Phantom Units 2011-05-17 4 A 0 2740 0 A 2014-05-15 Common Units 2740 2740 D Each phantom unit is the economic equivalent of one common unit. Phantom units are settled in common units on the date of vesting. Each performance unit is the economic equivalent of one common unit. Performance units that vest are settled in common units on the date of vesting. These common units were withheld to cover taxes payable upon vesting of phantom units reported in Table II. Closing price for the issuer's common units on the last trading day before the vesting date. Phantom units vest in five equal annual installments commencing May 15, 2008. Phantom units vest in five equal annual installments commencing May 15, 2009. Vesting is scheduled to occur in three equal annual installments commencing May 15, 2009 and is contingent on attainment of performance goals based on the market price for the issuer's common units. On each vesting date, a percentage of the vesting performance units (ranging from 0% to 100%) will actually vest, depending on the level of performance attained. In addition, at the last vesting date, the grantee may achieve a bonus consisting of 50% of the total units originally granted, contingent upon attaining an additional performance goal based on the issuer's market price over the term of the award. Performance units that do not vest will be forfeited. Phantom units vest in five equal annual installments commencing May 15, 2010. Phantom units vest in three equal annual installments commencing May 15, 2011. Phantom units vest in three equal annual installments commencing May 15, 2012. Performance units will cliff vest on May 15, 2014, provided that the performance goal, which is declaration of a specified annualized distribution per common unit, is met at any time during the vesting period. The number of performance units to vest can range from 50% to 200% of the award depending on the level of achievement of the performance goal. Performance units that do not vest will be forfeited. /s/ Angela S. Teer, attorney-in-fact 2011-05-17