Rackear Andrew D. 4
4 · ENZON PHARMACEUTICALS INC · Filed Jan 25, 2013
Insider Transaction Report
Form 4
Rackear Andrew D.
VP and General Counsel
Transactions
- Award
Common Stock
2013-01-23+4,686→ 78,019 total
Footnotes (2)
- [F1]This Form 4 is being filed to report the accelerated vesting of 4,686 restricted stock units (RSUs) that were originally granted to the Reporting Person on August 12, 2011. The August 12, 2011 grant consisted of 14,057 RSUs, which vest in full on August 12, 2014 if the Reporting Person remains employed by the Issuer on such date, provided that 50% of the RSUs are subject to accelerated vesting upon the achievement of certain performance milestones. Certain of the performance milestones applicable to the RSU grant were achieved, resulting in the accelerated vesting of 4,686 of the RSUs on January 23, 2013.
- [F2]Because the RSUs granted to the Reporting Person on August 12, 2011 were previously included in the number of shares of common stock reported as beneficially owned by the Reporting Person, the accelerated vesting of 4,686 of the RSUs did not affect the number of shares reported as beneficially owned.