4//SEC Filing
Neskora Bryan W 4
Accession 0001127602-13-015621
CIK 0001297067other
Filed
May 2, 8:00 PM ET
Accepted
May 3, 9:19 PM ET
Size
16.8 KB
Accession
0001127602-13-015621
Insider Transaction Report
Form 4
Neskora Bryan W
SVP and COO
Transactions
- Exercise/Conversion
Common Units
2013-05-01+7,770→ 7,770 total - Exercise/Conversion
Common Units
2013-05-01+7,770→ 15,540 total - Exercise/Conversion
Common Units
2013-05-01+62,150→ 77,690 total - Exercise/Conversion
Phantom Units
2013-05-01−7,770→ 0 totalFrom: 2015-05-15→ Common Units (7,770 underlying) - Exercise/Conversion
Phantom Units
2013-05-01−7,770→ 0 total→ Common Units (7,770 underlying) - Disposition to Issuer
Common Units
2013-05-01−77,690→ 0 total - Exercise/Conversion
Phantom Units
2013-05-01−62,150→ 0 total→ Common Units (62,150 underlying)
Footnotes (6)
- [F1]All transactions reported occurred in connection with the merger of Copano Energy, L.L.C. ("Copano") into a wholly owned subsidiary of Kinder Morgan Energy Partners, L.P. ("Kinder Morgan") effective on May 1, 2013. On April 30, 2013, the last trading day for the Copano common units, the closing price of Copano's common units was $40.21 per unit (the "Closing Price"), and the closing price of Kinder Morgan's common units was $88.45 per unit. Each Copano common unit outstanding, and each common unit deemed issued and outstanding pursuant to the reported vestings and net exercises, was converted into the right to receive 0.4356 Kinder Morgan common units.
- [F2]Immediately prior to the merger, each phantom unit vested in full (in the case of performance-based phantom units, based on a target earned percentage of 100%), and a Copano common unit was deemed issued in settlement thereof.
- [F3]Each phantom unit is the economic equivalent of one common unit. Phantom units are settled in common units on the date of vesting.
- [F4]Phantom units were scheduled to cliff vest upon achievement of a specified performance goal.
- [F5]Phantom units were scheduled to vest in three equal annual installments commencing May 15, 2013.
- [F6]Phantom Units were scheduled to vest in two installments, with 50% vesting on July 16, 2015 and the remainder vesting on July 16, 2017.
Documents
Issuer
Copano Energy, L.L.C.
CIK 0001297067
Entity typeother
Related Parties
1- filerCIK 0001554204
Filing Metadata
- Form type
- 4
- Filed
- May 2, 8:00 PM ET
- Accepted
- May 3, 9:19 PM ET
- Size
- 16.8 KB