X0202 4 2007-02-15 0 0000727510 ENZON PHARMACEUTICALS INC ENZN 0001308315 Highbridge International LLC C/O HARMONIC FUND SERVICES THE CAYMAN CORPORATE CENTRE, 4TH FLOOR 27 HOSPITAL ROAD, GRAND CAYMAN E9 00000 CAYMAN ISLANDS 0 0 1 0 0001308597 Dubin Glenn C/O HIGHBRIDGE CAPITAL MANAGEMENT, LLC 9 WEST 57TH STREET, 27TH FLOOR NEW YORK NY 10019 0 0 1 0 0001390331 Highbridge Convertible Arbitrage Master Fund, L.P. C/O HIGHBRIDGE CAPITAL MANAGEMENT, LLC 9 WEST 57TH STREET, 27TH FLOOR NEW YORK X1 10019 0 0 1 0 0000919185 HIGHBRIDGE CAPITAL MANAGEMENT LLC 9 WEST 57TH STREET, 27TH FLOOR NEW YORK NY 10019 0 0 1 0 0001308598 Swieca Henry C/O HIGHBRIDGE CAPITAL MANAGEMENT, LLC 9 WEST 57TH STREET, 27TH FLOOR NEW YORK NY 10019 0 0 1 0 0000931921 HIGHBRIDGE CAPITAL CORP C/O HARMONIC FUND SERVICES THE CAYMAN CORPORATE CENTRE, 4TH FLOOR 27 HOSPITAL ROAD GRAND CAYMAN E9 00000 CAYMAN ISLANDS 0 0 1 0 Shares of common stock, $0.01 par value ("Common Stock") 2007-02-15 4 P 0 30000 8.67 A 30000 I See footnotes Common Stock 2007-02-15 4 P 0 8368 8.75 A 38368 I See footnotes Common Stock 2007-02-15 4 P 0 8743 8.74 A 47111 I See footnotes Common Stock 2007-02-15 4 P 0 9065 8.73 A 56176 I See footnotes Common Stock 2007-02-15 4 P 0 8700 8.72 A 64876 I See footnotes Common Stock 2007-02-15 4 P 0 4034 8.71 A 68910 I See footnotes Common Stock 2007-02-15 4 J 0 4034 8.71 D 64876 I See footnotes Common Stock 2007-02-15 4 J 0 8700 8.72 D 56176 I See footnotes Common Stock 2007-02-15 4 J 0 9065 8.73 D 47111 I See footnotes Common Stock 2007-02-15 4 J 0 8743 8.74 D 38368 I See footnotes Common Stock 2007-02-15 4 J 0 8368 8.75 D 30000 I See footnotes Common Stock 2007-02-15 4 J 0 30000 8.76 D 0 I See footnotes Exempt transfer of shares to return shares borrowed in connection with short sales entered into prior to the time that the Reporting Persons became subject to the reporting requirements of Section 16. 6,269 shares of Common Stock are attributable to Highbridge Convertible Arbitrage Master Fund, L.P. and 23,731 shares of Common Stock are attributable to Highbridge International LLC. Highbridge International LLC is a subsidiary of Highbridge Master L.P. Highbridge Capital Corporation and Highbridge Capital L.P. are limited partners of Highbridge Master L.P. Highbridge GP, Ltd. is the General Partner of Highbridge Master L.P. Highbridge GP, LLC is the General Partner of Highbridge Capital L.P. Highbridge Capital Management, LLC is the trading manager of Highbridge Capital Corporation, Highbridge Capital L.P., Highbridge International LLC, Highbridge Convertible Arbitrage Master Fund, L.P. and Highbridge Master L.P. Glenn Dubin is a Co-Chief Executive Officer of Highbridge Capital Management, LLC. Henry Swieca is a Co-Chief Executive Officer of Highbridge Capital Management, LLC. Each of the Reporting Persons disclaims beneficial ownership of the shares of Common Stock owned by another Reporting Person to the extent such beneficial ownership exceeds such Reporting Person's pecuniary interest. 1,749 shares of Common Stock are attributable to Highbridge Convertible Arbitrage Master Fund, L.P. and 6,619 shares of Common Stock are attributable to Highbridge International LLC. 1,827 shares of Common Stock are attributable to Highbridge Convertible Arbitrage Master Fund, L.P. and 6,916 shares of Common Stock are attributable to Highbridge International LLC. 1,894 shares of Common Stock are attributable to Highbridge Convertible Arbitrage Master Fund, L.P. and 7,171 shares of Common Stock are attributable to Highbridge International LLC. 1,818 shares of Common Stock are attributable to Highbridge Convertible Arbitrage Master Fund, L.P. and 6,882 shares of Common Stock are attributable to Highbridge International LLC. 843 shares of Common Stock are attributable to Highbridge Convertible Arbitrage Master Fund, L.P. and 3191 shares of Common Stock are attributable to Highbridge International LLC. HIGHBRIDGE CAPITAL MANAGEMENT, LLC, By: /s/ Carolyn Rubin, Managing Director 2007-02-20