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Passage BIO, Inc. — Director's Dealing 2023
Jul 29, 2023
34849_dirs_2023-07-28_0950e123-27d8-47b9-a7a7-2b85eab1ddcd.zip
Director's Dealing
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SEC Form 3 — Initial Statement of Beneficial Ownership
Issuer: Passage BIO, Inc. (PASG)
CIK: 0001787297
Period of Report: 2023-07-28
Reporting Person: Borthwick Kathleen (SVP, Interim CFO)
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Employee Stock Option (right to buy) | $6.75 | 2031-12-15 | Common Stock (56000) | Direct | |
| Employee Stock Option (right to buy) | $2.29 | 2032-06-12 | Common Stock (20867) | Direct | |
| Employee Stock Option (right to buy) | $1.08 | 2033-03-14 | Common Stock (55000) | Direct | |
| Restricted Stock Units | $0.00 | Common Stock (12000) | Direct | ||
| Restricted Stock Units | $0.00 | Common Stock (30000) | Direct |
Footnotes
F1: The stock option vested as to 25% of the total shares on December 15, 2022, and thereafter vests as to 1/48 of the total shares monthly until fully vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
F2: 1/36 of the total shares underlying the award vested on July 13, 2022, and an additional 1/36 of the total shares underlying the award will vest on each monthly anniversary thereafter until fully vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
F3: 1/48 of the total shares underlying the award vested on April 15, 2023, and an additional 1/48 of the total shares underlying the award will vest on each monthly anniversary thereafter until fully vested, subject to the Reporting Person's provision of service to the Issuer on each vesting date.
F4: Each restricted stock unit ("RSU") represents a contingent right to receive one share of the Issuer's common stock upon vesting.
F5: 1/3 of the RSUs will vest on February 10, 2024 and 2/3 of the RSUs will vest on February 10, 2025, subject to the Reporting Person's continued service to the Issuer on each vesting date.
F6: RSUs do not expire; they either vest or are canceled prior to the vesting date.
F7: 100% of the RSUs will vest on December 31, 2023, subject to the Reporting Person's provision of service to the Issuer on such vesting date.