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FORM 4
U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
<square>Check this box if
no longer subject to Section 16.
Form 4 or Form 5 Filed pursuant to Section 16(a) of the
obligations may Securities Act of 1934, Section 17(a) of the
continue. SEE Public Utility Holding Company Act of 1935
Instruction 1(b> or Section 30(f) of the Investment Company Act
of 1940
<TABLE>
<CAPTION>
1. Name and Address of Reporting Person 2. Issuer Name and Ticker or Trading Symbol 6. Relationship of Reporting Person
to Issuer
ZUERBLIS, KENNETH J. ENZON, INC. (ENZN) (Check all applicable)
_______ Director ______ 10% Owner
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
(Last) (First) (Middle) 3. IRS or Social 4. Statement for ___X____ Officer ______ Other
Security Number of Month/Year (give title below)
40 JACKIE DRIVE Reporting Person (specify below)
(Voluntary) FEBRUARY 1996
VICE PRESIDENT, FINANCE AND
CHIEF FINANCIAL OFFICER
(Street) 5. If Amendment,
Date of Original
LONG VALLEY NEW JERSEY 07853 (Month/Year)
(City) (State) (Zip)
TABLE I - NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED
1. Title of Security 2. Trans- 3. Trans- 4. Securities Acquired 5. Amount of 6. Owner- 7. Nature
(Instr. 3) action action (A) or Disposed of Securities ship of In-
Date Code (D) Beneficially Form: direct
(Month/ (Instr. (Instr. 3, 4 and 5) Owned at (D) or Bene-
Day/ 8) End of Indirect ficial
Year) Month (I) Owner-
(Instr. 3 (Instr. ship
and 4) 4) (Instr.
4)
Code V Amount (A) or Price
(D)
</TABLE>
Reminder: Report on a separate line for each class of securities beneficially
owned directly or indirectly.
(Over)
<PAGE>
FORM 4 (CONTINUED)
TABLE II - DERIVATIVE SECURITIES ACQUIRED,
DISPOSED OF, OR BENEFICIALLY OWNED
(E.G., puts, calls, warrants,
options, convertible securities)
<TABLE>
<CAPTION>
1. Title of Derivative 2.Conver-3.Trans-4.Transac-5.Number of6.Date 7.Title and Amount of 8.Price9.Number10. 11. Na-
Security sion action tion Deriv- ExercisableUnder-lying of of Owner- ture
(Instru. 3) or Date Code ative and Securities (Instr. 3 Deriv-Deriv- ship of In-
Exercise(Month/Day/(Instr.SecuritiesExpirationand 4) ative ative Form direct
Price Year)8) Ac- Date Secur-Secur- of De- Bene-
of quired (A) (Month/Day/ ity ities ficial
Deriv- or Disposed Year) (Instr.Bene- rivative Own-
ative of (D) 5) ficially Secu- ership
Security (Instr. 3, Owned ity: (Instr. 4)
4, and 5) at End (D) or
of Indi-
Month rect
(Instr. (I)
4) (Instr.
4)
<S> <C> <C> <C><C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
CodeV (A) (D) Date Expira- Title Amount
Exer- tion or
cisableDate Number
of
Shares
Employee Stock Option 40,000 ++ 7/17/05Common Stock 40,000 D --
(right to buy)+ $3.50 7/17/95A V 40,000 $3.50
</TABLE>
Explanation of Responses:
+ Granted under the Company's Non-Qualified Stock Option Plan, as amended,
a Rule 16b-3 plan.
++ Exercisable as to 20,000 shares on July 17, 1996 and as to 20,000 shares
on July 17, 1997.
** Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
/S/KENNETH J. ZUERBLIS 2/23/96
SEE 18 U.S.C. 1001
and 15 U.S.C. 78ff(a). **Signature of Reporting Person Date
Note: File three copies of this Form, one of which must be manually signed.
If space provided is insufficient, SEE Instruction 6 for procedure.
SEC 1474 (8-92)
Page 2
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