X0306
4
2021-03-22
0
0001787297
Passage BIO, Inc.
PASG
0001435756
Salinas Eliseo Oreste
ONE COMMERCE SQUARE
2005 MARKET STREET, 39TH FLOOR
PHILADELPHIA
PA
19103
0
1
0
0
Chief Res. & Develop Officer
Employee Stock Option (Right to buy)
18.85
2021-03-22
4
A
0
275000
0.00
A
2031-03-22
Common Stock
275000
275000
D
Restricted Stock Unit (RSU)
2021-03-22
4
A
0
40000
0.00
A
Common Stock
40000
40000
D
Restricted Stock Unit (RSU)
2021-03-22
4
A
0
60000
0.00
A
Common Stock
60000
60000
D
The option vests as to 25% of the total shares on March 22, 2022, and then 2.0833% of the total shares vest monthly thereafter, with 100% of the total shares vested on March 22, 2025, subject to the reporting person's provision of service to the issuer on each vesting date.
Each restricted stock award ("RSU") represents a contingent right to receive 1 share of the Issuer's Common Stock upon settlement for no consideration.
The RSUs shall vest as to 33.33% of the total shares each on June 15, 2021, September 15, 2021 and December 15, 2021, subject to the Reporting Person's continued service to the Issuer on each vesting date.
1/4 of the RSUs will vest on June 15, 2022, and the remainder will vest as to 1/4 of the total award in annual installments thereafter, subject to the Reporting Person's continued service to the Issuer on each vesting date.
/s/ Edgar Cale, Attorney-in-Fact
2021-03-29