SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) February 20, 1997
ENZON, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-12957 22-237286
State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification)
20 Kingsbridge Road, Piscataway, New Jersey 08854
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (908) 980-4500
(Former name or former address, if changed since last report)
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Item 5. Other Events
All 20,000 shares of the outstanding Series B Convertible Preferred
Stock issued by Enzon, Inc. (the "Company") in January 1996 have been converted
into shares of Common Stock of the Company. The conversions, which took place
between November 12, 1996 and February 19, 1997, resulted in the issuance of
2,038,989 shares of Common Stock. To the best of the Company's knowledge all of
the shares of Common Stock issued in connection with the conversions have been
sold in open market transactions.
The Preferred Stock was issued as part of the January 1996, $7,000,000
private placement of 1,094,890 shares of Common Stock and 40,000 shares of
Series B Convertible Preferred Stock. In connection with the private placement,
the Company also issued 638,686 five year warrants (the "Warrants") to purchase
Enzon Common Stock at $4.11 per share. All of the Warrants currently remain
outstanding.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
Dated: February 28, 1997
ENZON, INC.
(Registrant)
By: /S/ KENNETH J. ZUERBLIS
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Kenneth J. Zuerblis
Vice President, Finance
and Chief Financial
Officer
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