Theresa Wingrove - Oct 16, 2023 Form 4 Insider Report for ImmunoGen, Inc. (IMGN)

Role
SVP OF REGULATORY AFFAIRS
Signature
/s/ Renee Lentini, Attorney-in-Fact
Stock symbol
IMGN
Transactions as of
Oct 16, 2023
Transactions value $
-$1,891,239
Form type
4
Date filed
10/18/2023, 04:25 PM
Previous filing
Sep 19, 2023
Next filing
Nov 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction IMGN Common Stock Options Exercise $722K +159K +5643.58% $4.55 161K Oct 16, 2023 Direct
transaction IMGN Common Stock Options Exercise $152K +33.4K +20.66% $4.55 195K Oct 16, 2023 Direct
transaction IMGN Common Stock Sale -$2.76M -192K -98.56% $14.40 2.81K Oct 16, 2023 Direct F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction IMGN Stock Option (right to buy) Options Exercise $0 -159K -71.36% $0.00 63.7K Oct 16, 2023 Common Stock 159K $4.55 Direct F2
transaction IMGN Stock Option (right to buy) Options Exercise $0 -33.4K -13.8% $0.00 208K Oct 16, 2023 Common Stock 33.4K $4.55 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.10 to $14.69, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within these ranges.
F2 This option was granted on 2/7/2020 and is exercisable as to 25% on the first year anniversary of the grant and 6.25% quarterly for the subsequent three years.
F3 On 2/7/2020, the reporting person was granted an option to purchase 333,450 shares of common stock. The option vests in installments upon the satisfaction of certain performance criteria. As of the transaction date, 75% of the awarded options are vested.