X0304 4 2012-02-27 0 0000727510 ENZON PHARMACEUTICALS INC ENZN 0001531843 HEBARD GEORGE C/O ICAHN CAPITAL LP 767 FIFTH AVENUE, SUITE 4700 NEW YORK NY 10153 1 0 0 0 Common Stock 2012-02-27 4 A 0 13737 0.00 A 13737 D Stock Option (Right to Buy) 7.28 2012-02-27 4 A 0 10297 0.00 A 2022-02-27 Common Stock 10297 10297 D Restricted Stock Units granted by the Issuer pursuant to the Issuer's 2011 Outside Director Compensation Plan and 2011 Stock Option and Incentive Plan and qualified under Rule 16b-3(d). Each unit represents a contingent right to receive one share of the Issuer's Common Stock. The Restricted Stock Units will vest in three (3) tranches. Of the 13,737 Restricted Stock Units granted, 4,579 will vest on February 27, 2013, 4,579 will vest on February 27, 2014 and 4,579 will vest on February 27, 2015, in each case if the Reporting Person remains on the Board on such date. The Restricted Stock Units do not have an expiration date. Stock options granted by Issuer pursuant to the Issuer's 2011 Outside Director Compensation Plan and 2011 Stock Option and Incentive Plan and qualified under Rule 16b-3(d). The stock options will vest in three (3) tranches. Of the 10,297 stock options granted, 3,432 stock options will vest on February 27, 2013, 3,432 stock options will vest on February 27, 2014 and 3,433 stock options will vest on February 27, 2015, in each case if the Reporting Person remains on the Board on such date. /s/ GEORGE HEBARD 2012-02-29