X0304 4 2012-02-14 0001297067 Copano Energy, L.L.C. CPNO 0001488650 Wade James E 2727 ALLEN PARKWAY SUITE 1200 HOUSTON TX 77019 1 SVP; Pres & COO, Texas Common Units 2012-02-14 4 A 0 5277 0 A 6283 D Common Units 2012-02-14 4 F 0 1482 35.19 D 4801 D These common units were awarded under the Company's Long-Term Incentive Plan in settlement of 2011 Management Incentive Compensation Plan bonuses and are not subject to vesting or forfeiture. These common units were withheld to cover taxes payable upon the reporting person's reciept of the reward of common units referred to in footnote (1). Based on the closing price for the Company's common units on the date of the award. /s/ Angela S. Teer, attorney-in-fact 2012-02-16