Wade James E 4

Accession 0001127602-13-015628

CIK 0001297067other

View on SEC.gov Company Profile

Filed

May 2, 8:00 PM ET

Accepted

May 3, 9:27 PM ET

Size

45.0 KB

Accession

0001127602-13-015628

Insider Transaction Report

Form 4

Period: 2013-05-01

Copano Energy, L.L.C.CPNO

Wade James E

SVP; Pres & COO, Texas

Transactions

Exercise/Conversion
Phantom Units
2013-05-01−3,726→ 0 total
→ Common Units (3,726 underlying)
Exercise/Conversion
Phantom Units
2013-05-01−1,395→ 0 total
→ Common Units (1,395 underlying)
Exercise/Conversion
Phantom Units
2013-05-01−4,700→ 0 total
From: 2013-05-15→ Common Units (4,700 underlying)
Exercise/Conversion
Phantom Units
2013-05-01−35,000→ 0 total
From: 2013-08-01→ Common Units (35,000 underlying)
Exercise/Conversion
Phantom Units
2013-05-01−5,590→ 0 total
From: 2014-05-15→ Common Units (5,590 underlying)
Exercise/Conversion
Phantom Units
2013-05-01−6,630→ 0 total
→ Common Units (6,630 underlying)
Exercise/Conversion
Phantom Units
2013-05-01−6,630→ 0 total
→ Common Units (6,630 underlying)
Exercise/Conversion
Common Units
2013-05-01$25.14/sh+5,100$128,214→ 14,551 total
Exercise/Conversion
Common Units
2013-05-01+3,726→ 64,933 total
Exercise/Conversion
Common Units
2013-05-01+1,600→ 9,451 total
Exercise/Conversion
Common Units
2013-05-01+4,700→ 19,251 total
Exercise/Conversion
Common Units
2013-05-01+35,000→ 55,617 total
Exercise/Conversion
Common Units
2013-05-01+5,590→ 61,207 total
Exercise/Conversion
Common Units
2013-05-01+6,630→ 78,193 total
Exercise/Conversion
Common Units
2013-05-01+1,395→ 79,588 total
Exercise/Conversion
Phantom Units
2013-05-01−1,600→ 0 total
→ Common Units (1,600 underlying)
Exercise/Conversion
Unit Appreciation Rights
2013-05-01−5,100→ 0 total
Exercise: $25.14From: 2011-04-05Exp: 2020-04-05→ Common Units (5,100 underlying)
Exercise/Conversion
Common Units
2013-05-01+1,366→ 20,617 total
Exercise/Conversion
Common Units
2013-05-01+6,630→ 71,563 total
Tax Payment
Common Units
2013-05-01$40.21/sh−3,189$128,230→ 76,399 total
Disposition to Issuer
Common Units
2013-05-01−76,399→ 0 total
Exercise/Conversion
Phantom Units
2013-05-01−1,366→ 0 total
→ Common Units (1,366 underlying)

Footnotes (13)

[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.
[F10]Phantom units were scheduled to cliff vest upon achievement of a specified performance goal.
[F11]Phantom units were scheduled to vest in three equal annual installments commencing May 15, 2012.
[F12]Phantom units were scheduled to vest in three equal annual installments commencing May 15, 2013.
[F13]Phantom units were scheduled to vest in three equal annual installments commencing April 2, 2013.
[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]Immediately prior to the merger, unit appreciation rights were deemed net exercised for a number of whole Copano common units having a value equal to the Closing Price multiplied by the number of such unit appreciation rights, less the aggregate exercise price for such unit appreciation rights, and rounded down to the nearest whole Copano unit.
[F4]Each phantom unit is the economic equivalent of one common unit. Phantom units are settled in common units on the date of vesting.
[F5]Phantom units were scheduled to vest in five equal annual installments commencing April 5, 2011.
[F6]Unit appreciation rights were scheduled to vest in five equal annual installments commencing April 5, 2011.
[F7]Phantom units were scheduled to cliff vest on May 15, 2013, upon achievement of a specified performance goal.
[F8]Phantom units were scheduled to vest in three equal annual installments commencing May 15, 2011.
[F9]Phantom units were scheduled to cliff vest on the date specified.

Documents

1 file

4
form4.xmlPrimary
PRIMARY DOCUMENT

Issuer

Copano Energy, L.L.C.

CIK 0001297067

→

Entity typeother

Related Parties

filerCIK 0001488650

Filing Metadata

Form type: 4
Filed: May 2, 8:00 PM ET
Accepted: May 3, 9:27 PM ET
Size: 45.0 KB

View on SEC.gov