X0202 4 2008-05-15 0001297067 Copano Energy, L.L.C. CPNO 0001334993 RABER JOHN A 2727 ALLEN PARKWAY SUITE 1200 HOUSTON TX 77019 1 None (see remarks) Common Units 2008-05-15 4 M 0 1122 36.42 A 47542 D Common Units 2008-05-15 4 D 0 348 36.42 D 47194 D Phantom Units 2008-05-15 4 M 0 1122 D Common Units 1122 4488 D Closing price for the Company's common units on the date of vesting. Common units withheld to cover taxes payable upon vesting of phantom unit award. Each phantom unit was the economic equivalent of one common unit. Phantom units were settled in common units based on the closing price of the common units on the date of vesting. Phantom units vest annually in five equal installments commencing May 15, 2008 and earlier in the event of death, disability or retirement of the grantee or a change in control of the Company. John Raber is the Executive Vice President of the Company and President and COO of Copano Energy/Rocky Mountains, LLC, a significant subsidiary of the Company, and in such capacity, performs a policy-making function for the Company. /s/ John A. Raber 2008-05-16