0001193125-20-071355.txt : 20200312 0001193125-20-071355.hdr.sgml : 20200312 20200312132356 ACCESSION NUMBER: 0001193125-20-071355 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20200312 DATE AS OF CHANGE: 20200312 GROUP MEMBERS: ACCESS INDUSTRIES MANAGEMENT, LLC GROUP MEMBERS: AI PASSAGE LLC GROUP MEMBERS: LEN BLAVATNIK SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: Passage BIO, Inc. CENTRAL INDEX KEY: 0001787297 STANDARD INDUSTRIAL CLASSIFICATION: BIOLOGICAL PRODUCTS (NO DIAGNOSTIC SUBSTANCES) [2836] IRS NUMBER: 822729751 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-91451 FILM NUMBER: 20707969 BUSINESS ADDRESS: STREET 1: TWO COMMERCE SQUARE STREET 2: 2001 MARKET STREET, 28TH FLOOR CITY: PHILADELPHIA STATE: PA ZIP: 19103 BUSINESS PHONE: 2678660312 MAIL ADDRESS: STREET 1: TWO COMMERCE SQUARE STREET 2: 2001 MARKET STREET, 28TH FLOOR CITY: PHILADELPHIA STATE: PA ZIP: 19103 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Access Industries Holdings LLC CENTRAL INDEX KEY: 0001391297 IRS NUMBER: 721620814 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G BUSINESS ADDRESS: STREET 1: C/O ACCESS INDUSTRIES MANAGEMENT, LLC. STREET 2: 730 FIFTH AVENUE, 20TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 BUSINESS PHONE: 212 247 6400 MAIL ADDRESS: STREET 1: C/O ACCESS INDUSTRIES MANAGEMENT, LLC. STREET 2: 730 FIFTH AVENUE, 20TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10019 SC 13G 1 d809324dsc13g.htm SC 13G SC 13G

 

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 

 

SCHEDULE 13G

Under the Securities Exchange Act of 1934

 

 

PASSAGE BIO, INC.

(Name of Issuer)

Common Stock, par value $0.0001 per share

(Title of Class of Securities)

702712100

(CUSIP Number)

March 3, 2020

(Date of Event Which Requires Filing of this Statement)

 

 

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☒ Rule 13d-1(c)

☐ Rule 13d-1(d)

 

 

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended (“Exchange Act”) or otherwise subject to the liabilities of that section of the Exchange Act but shall be subject to all other provisions of the Exchange Act (however, see the Notes).

 

 

 

CUSIP No. 702712100   Schedule 13G   Page  2  of 9

 

  1.   

NAME OF REPORTING PERSON

 

AI Passage LLC

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  ☐        (b)  ☐

 

  3.  

SEC USE ONLY:

 

  4.  

CITIZENSHIP OR PLACE OF ORGANIZATION:

 

State of Delaware

NUMBER OF

SHARES

BENEFICIALLY

BY

OWNED BY

EACH

REPORTING

PERSON

WITH

    5.    

SOLE VOTING POWER:

 

0

   6.   

SHARED VOTING POWER:

 

2,616,630

   7.   

SOLE DISPOSITIVE POWER:

 

0

   8.   

SHARED DISPOSITIVE POWER:

 

2,616,630

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

 

2,616,630

10.  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):

 

☐

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):

 

5.9%(1)

12.  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):

 

OO (Limited Liability Company)

(1) Based on 43,998,295 shares of the Issuer’s Common Stock as of March 3, 2020, as reported in the prospectus supplement dated February 27, 2020.

 

2 of 9

CUSIP No. 702712100   Schedule 13G   Page  3  of 9

 

  1.   

NAME OF REPORTING PERSON

 

Access Industries Holdings LLC

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  ☐        (b)  ☐

 

  3.  

SEC USE ONLY:

 

  4.  

CITIZENSHIP OR PLACE OF ORGANIZATION:

 

State of Delaware

NUMBER OF

SHARES

BENEFICIALLY

BY

OWNED BY

EACH

REPORTING

PERSON

WITH

    5.    

SOLE VOTING POWER:

 

0

   6.   

SHARED VOTING POWER:

 

2,616,630

   7.   

SOLE DISPOSITIVE POWER:

 

0

   8.   

SHARED DISPOSITIVE POWER:

 

2,616,630

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

 

2,616,630

10.  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):

 

☐

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):

 

5.9%(1)

12.  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):

 

OO (Limited Liability Company)

(1) Based on 43,998,295 shares of the Issuer’s Common Stock as of March 3, 2020, as reported in the prospectus supplement dated February 27, 2020.

 

3 of 9

CUSIP No. 702712100   Schedule 13G   Page  4  of 9

 

  1.   

NAME OF REPORTING PERSON

 

Access Industries Management, LLC

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  ☐        (b)  ☐

 

  3.  

SEC USE ONLY:

 

  4.  

CITIZENSHIP OR PLACE OF ORGANIZATION:

 

State of Delaware

NUMBER OF

SHARES

BENEFICIALLY

BY

OWNED BY

EACH

REPORTING

PERSON

WITH

    5.    

SOLE VOTING POWER:

 

0

   6.   

SHARED VOTING POWER:

 

2,616,630

   7.   

SOLE DISPOSITIVE POWER:

 

0

   8.   

SHARED DISPOSITIVE POWER:

 

2,616,630

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

 

2,616,630

10.  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):

 

☐

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):

 

5.9%(1)

12.  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):

 

OO (Limited Liability Company)

(1) Based on 43,998,295 shares of the Issuer’s Common Stock as of March 3, 2020, as reported in the prospectus supplement dated February 27, 2020.

 

4 of 9

CUSIP No. 702712100   Schedule 13G   Page  5  of 9

 

  1.   

NAME OF REPORTING PERSON

 

Len Blavatnik

  2.  

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  ☐        (b)  ☐

 

  3.  

SEC USE ONLY:

 

  4.  

CITIZENSHIP OR PLACE OF ORGANIZATION:

 

United States of America

NUMBER OF

SHARES

BENEFICIALLY

BY

OWNED BY

EACH

REPORTING

PERSON

WITH

    5.    

SOLE VOTING POWER:

 

0

   6.   

SHARED VOTING POWER:

 

2,616,630

   7.   

SOLE DISPOSITIVE POWER:

 

0

   8.   

SHARED DISPOSITIVE POWER:

 

2,616,630

  9.  

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

 

2,616,630

10.  

CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS):

 

☐

11.  

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9):

 

5.9%(1)

12.  

TYPE OF REPORTING PERSON (SEE INSTRUCTIONS):

 

IN

(1) Based on 43,998,295 shares of the Issuer’s Common Stock as of March 3, 2020, as reported in the prospectus supplement dated February 27, 2020.

 

5 of 9

CUSIP No. 702712100   Schedule 13G   Page  6  of 9

 

Item 1        
  (a)          Name of Issuer:
      Passage Bio, Inc. (the “Issuer”).
  (b)     Address of Issuer’s Principal Executive Offices:
     

Two Commerce Square

2001 Market Street

28th Floor

Philadelphia, PA 19103

Item 2        
  (a)     Name of Person Filing:
      Each of the following is referred to herein as a “Reporting Person” and collectively as the “Reporting Persons.” This statement is filed on behalf of:
     

AI Passage LLC

Access Industries Holdings LLC

Access Industries Management, LLC

Len Blavatnik

  (b)     Address of Principal Business Office or, if none, Residence:
      The address of each of the Reporting Persons is:
                

c/o Access Industries, Inc.

40 West 57th Street, 28th Floor

New York, NY 10019

  (c)     Citizenship:
      Mr. Blavatnik is a citizen of the United States of America. Each of the other Reporting Persons is organized under the laws of the State of Delaware.
  (d)     Title of Class of Securities:
      Common stock, par value $0.0001 per share (“Common Stock”)
  (e)     CUSIP Number:
      702712100
Item 3.       If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
      Not applicable.

 

6 of 9

CUSIP No. 702712100   Schedule 13G   Page  7  of 9

 

Item 4.

Ownership.

(a-c)

The ownership information presented below represents beneficial ownership of the Issuer’s Common Stock as of March 3, 2020, based on 43,998,295 outstanding shares of the Issuer’s Common Stock, as reported in the Issuer’s prospectus supplement dated February 27, 2020.

 

Reporting Person   

Amount

beneficially

owned

     

Percent

of class:

     Sole
power
to vote
or to
direct
the
vote:		      Shared
power to
vote or to
direct the
vote:		     

Sole
power to
dispose or
to direct
the
disposition

of:

     

Shared

power to

dispose or

to direct

the

disposition

of:

  

AI Passage LLC

      2,616,630        5.9 %      0        2,616,630        0        2,616,630  

Access Industries Holdings LLC

      2,616,630        5.9 %      0        2,616,630        0        2,616,630  

Access Industries Management, LLC

      2,616,630        5.9 %      0        2,616,630        0        2,616,630  

Len Blavatnik

      2,616,630        5.9 %      0        2,616,630        0        2,616,630  

Each of Access Industries Holdings LLC, Access Industries Management, LLC and Len Blavatnik may be deemed to beneficially own the shares of the Issuer’s Common Stock beneficially owned by AI Passage LLC, a subsidiary in a multi-tier corporate structure of which Access Industries Holdings LLC is the parent holding company and is ultimately managed by Access Industries Management, LLC and controlled by Mr. Blavatnik.

 

Item 5.

Ownership of Five Percent or Less of a Class.

Not applicable.

 

Item 6.

Ownership of More than Five Percent on Behalf of Another Person.

Not applicable.

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the parent Holding Company or Control Person.

Not applicable.

 

Item 8.

Identification and Classification of Members of the Group.

Not applicable.

 

Item 9.

Notice of Dissolution of Group.

Not applicable.

 

Item 10.

Certifications.

By signing below the Reporting Persons certify that, to the best of their knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the Issuer and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under Exchange Act Rule 14a-11.

 

7 of 9

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: March 11, 2020

 

AI PASSAGE LLC    
    By: Access Industries Management, LLC, Its Manager
    /s/ Alejandro Moreno
    Signature
    Alejandro Moreno / Executive Vice President
    Name/Title
ACCESS INDUSTRIES HOLDINGS LLC    
    By: Access Industries Management, LLC, Its Manager
    /s/ Alejandro Moreno
    Signature
    Alejandro Moreno / Executive Vice President
    Name/Title
ACCESS INDUSTRIES MANAGEMENT, LLC    
    By:
    /s/ Alejandro Moreno
    Signature
    Alejandro Moreno / Executive Vice President
    Name/Title
    *
    Signature
    Len Blavatnik
    Name

 

*

The undersigned, by signing his name hereto, executes this Schedule 13G pursuant to the Power of Attorney executed on behalf of Mr. Blavatnik (as filed with the Securities and Exchange Commission on February 13, 2015).

 

By:   /s/ Alejandro Moreno
Name:  

Alejandro Moreno

Attorney-in-Fact

 EX-99.1 2 d809324dex991.htm EX-99.1 EX-99.1

Exhibit 99.1

JOINT FILING AGREEMENT

The undersigned agree that the attached Schedule 13G dated March 11, 2020 relating to the Common Stock, par value $0.0001 per share, of Passage Bio, Inc. shall be filed on behalf of the undersigned.

Dated: March 11, 2020

 

AI PASSAGE LLC    
    By: Access Industries Management, LLC, Its Manager
    /s/ Alejandro Moreno
    Signature
    Alejandro Moreno / Executive Vice President
    Name/Title
ACCESS INDUSTRIES HOLDINGS LLC    
    By: Access Industries Management, LLC, Its Manager
    /s/ Alejandro Moreno
    Signature
    Alejandro Moreno / Executive Vice President
    Name/Title
ACCESS INDUSTRIES MANAGEMENT, LLC    
    By:
    /s/ Alejandro Moreno
    Signature
    Alejandro Moreno / Executive Vice President
    Name/Title
    *
    Signature
    Len Blavatnik
    Name

 

*

The undersigned, by signing his name hereto, executes this Joint Filing Agreement pursuant to the Power of Attorney executed on behalf of Mr. Blavatnik (as filed with the Securities and Exchange Commission on February 13, 2015).

 

By:   /s/ Alejandro Moreno
Name:  

Alejandro Moreno

Attorney-in-Fact