Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
Holveck David
  2. Issuer Name and Ticker or Trading Symbol
ENDO PHARMACEUTICALS HOLDINGS INC [ENDP]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President & CEO
(Last)
(First)
(Middle)
C/O ENDO PHARMACEUTICALS, 100 ENDO BOULEVARD
3. Date of Earliest Transaction (Month/Day/Year)
12/15/2011
(Street)

CHADDS FORD, PA 19317
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value, $.01 per share 12/15/2011   G   191,407 (1) D (2) $ 0 0 D  
Common Stock, par value, $0.01 per share 12/15/2011   G   191,407 A (2) $ 0 191,407 I 2011 Grantor Retained Annuity Trust

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
2007 Stock Incentive Plan Stock Options $ 19.93 12/15/2011   G     191,406 (3)   (3) 02/26/2019 Common Stock 191,406 (2) $ 0 0 D  
2007 Stock Incentive Plan Stock Options $ 19.93 12/15/2011   G   191,406     (3) 02/26/2019 Common Stock 191,406 (2) $ 0 191,406 I 2011 Grantor Retained Annuity Trust

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Holveck David
C/O ENDO PHARMACEUTICALS
100 ENDO BOULEVARD
CHADDS FORD, PA 19317
  X     President & CEO  

Signatures

 /s/ Caroline B. Manogue, by power of attorney   12/19/2011
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) This number represents vested options of Mr. Holveck's 2007 Stock Incentive Plan Options granted on February 26, 2009 in connection with Mr. Holveck's service as the Registrant's President & Chief Executive Officer. The respective options vested on February 26, 2010 and February 26, 2011.
(2) This reported transaction occurred in connection with Mr. Holveck's personal financial planning and was a transfer by Mr. Holveck to a 2011 Grantor Retained Annuity Trust, of which Mr. Holveck serves as a trustee.
(3) This number represents the unvested options of Mr. Holveck's 2007 Stock Incentive Plan Options granted on February 26, 2009. The respective options will vest on February 26, 2012 and February 26, 2013.

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