Neskora Bryan W 4
4 · Copano Energy, L.L.C. · Filed Jul 17, 2012
Insider Transaction Report
Form 4
Neskora Bryan W
SVP and COO
Transactions
- Award
Phantom Units
2012-07-16+7,770→ 7,770 total→ Common Units (7,770 underlying) - Award
Phantom Units
2012-07-16+62,150→ 62,150 total→ Common Units (62,150 underlying) - Award
Phantom Units
2012-07-16+7,770→ 7,770 total→ Common Units (7,770 underlying)
Footnotes (5)
- [F1]Each phantom unit is the economic equivalent of one common unit. Phantom units are settled in common units on the date of vesting.
- [F2]Phantom units vest in three equal annual installments commencing May 15, 2013.
- [F3]Each performance-based phantom unit is the economic equivalent of one common unit. Performance-based phantom units that vest are settled in common units on the date of vesting.
- [F4]Performance-based phantom units will cliff vest on May 15, 2015, 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.
- [F5]Phantom Units vest in two installments, with 50% vesting on July 16, 2015 and the remainder vesting on July 16, 2017.