X0202 4 2007-08-01 0 0000886235 ASPECT MEDICAL SYSTEMS INC ASPM 0001235152 CCM MASTER QUALIFIED FUND LTD C/O MORGAN STANLEY FUND SERVICES (CAYMAN LTD CENTURY YARD CRICKET SQ HUTCHINGS DR PO BOX 2681 GEORGE TOWN E9 00000 CAYMAN ISLANDS 0 0 1 0 0001162675 COGHILL CAPITAL MANAGEMENT LLC 1 N WACKER DRIVE SUITE 4350 CHICAGO IL 60606 0 0 1 0 0001235155 COGHILL CLINT D 1 N WACKER DRIVE SUITE 4350 CHICAGO IL 60606 0 0 1 0 Common Stock 2007-08-01 4 X 0 11300 17.52 A 1753549 D Common Stock 1753549 I By Coghill Capital Management LLC and Clint D. Coghill Common Stock 2007-08-14 4 X 0 10400 17.52 A 1763949 D Common Stock 1763949 I By Coghill Capital Management, LLC and Clint D. Coghill Common Stock 2007-08-17 4 X 0 5000 15.02 A 1768949 D Common Stock 1768949 I By Coghill Capital Management, LLC and Clint D. Coghill Common Stock 2007-08-17 4 X 0 12000 17.52 A 1780949 D Common Stock 1780949 I By Coghill Capital Management, LLC and Clint D. Coghill Common Stock 2007-09-04 4 X 0 2500 17.52 A 1783449 D Common Stock 1783449 I By Coghill Capital Management, LLC and Clint D. Coghill Common Stock 2007-09-11 4 X 0 7500 17.52 A 1790949 D Common Stock 1790949 I By Coghill Capital Management, LLC and Clint D. Coghill Common Stock 2007-09-17 4 X 0 7500 17.52 A 1798449 D Common Stock 1798449 I By Coghill Capital Management, LLC and Clint D. Coghill Equity Swap 13.61 2007-08-01 4 P 0 100000 13.65 A 2007-08-01 2008-02-28 ASPM Common Stock 100000 1653400 D Equity Swap 13.61 2007-08-01 2008-02-28 ASPM Common Stock 100000 1653400 I By Coghill Capital Management, LLC and Clint D. Coghill Equity Swap 13.40 2007-08-02 4 P 0 75000 13.44 A 2007-08-02 2008-02-28 ASPM Common Stock 75000 1728400 D Equity Swap 13.40 2007-08-02 2008-02-28 ASPM Common Stock 75000 1728400 I By Coghill Capital Management, LLC and Clint D. Coghill Short Put Options (Obligation to Buy) 17.50 2007-08-03 4 X 0 113 0.00 D 2007-08-03 2008-01-19 ASPM Common Stock 11300 1717100 D Short Put Options (Obligation to Buy) 17.50 2007-08-03 2008-01-19 ASPM Common Stock 11300 1717100 I By Coghill Capital Management, LLC and Clint D. Coghill Equity Swap 12.88 2007-08-03 4 P 0 115000 12.89 A 2007-08-03 2008-02-28 ASPM Common Stock 115000 1832100 D Equity Swap 12.88 2007-08-03 2008-02-28 ASPM Common Stock 115000 1832100 I By Coghill Capital Management, LLC and Clint D. Coghill Equity Swap 12.64 2007-08-06 4 P 0 4034 12.64 A 2007-08-06 2008-02-28 ASPM Common Stock 4034 1836134 D Equity Swap 12.64 2007-08-06 2008-02-28 ASPM Common Stock 4034 1836134 I By Coghill Capital Management, LLC and Clint D. Coghill Short Put Options (Obligation to Buy) 17.50 2007-08-14 4 X 0 104 0.00 D 2007-08-14 2008-01-19 ASPM Common Stock 10400 1825734 D Short Put Options (Obligation to Buy) 17.50 2007-08-14 2008-01-19 ASPM Common Stock 10400 1825734 I By Coghill Capital Management, LLC and Clint D. Coghill Short Put Options (Obligation to Buy) 15.00 2007-08-17 4 X 0 50 0.00 D 2007-08-17 2007-08-18 ASPM Common Stock 5000 1820734 D Short Put Options (Obligation to Buy) 15.00 2007-08-17 2007-08-18 ASPM Common Stock 5000 1820734 I By Coghill Capital Management, LLC and Clint D. Coghill Short Put Options (Obligation to Buy) 17.50 2007-08-17 4 X 0 120 0.00 D 2007-08-17 2007-08-18 ASPM Common Stock 12000 1808734 D Short Put Options (Obligation to Buy) 17.50 2007-08-17 2007-08-18 ASPM Common Stock 12000 1808734 I By Coghill Capital Management, LLC and Clint D. Coghill Call Option (Right to Buy) 17.50 2007-08-18 4 H 0 225 0.00 D 2007-08-18 2007-08-18 ASPM Common Stock 22500 1786234 D Call Option (Right to Buy) 17.50 2007-08-18 2007-08-18 ASPM Common Stock 22500 1786234 I By Coghill Capital Management, LLC and Clint D. Coghill Equity Swap 12.42 2007-08-28 4 P 0 14771 12.44 A 2007-08-28 2008-02-28 ASPM Common Stock 14771 1801005 D Equity Swap 12.42 2007-08-28 2008-02-28 ASPM Common Stock 14771 1801005 I By Coghill Capital Management, LLC and Clint D. Coghill Equity Swap 12.49 2007-08-31 4 P 0 13793 12.48 A 2007-08-31 2008-02-28 ASPM Common Stock 13793 1814798 D Equity Swap 12.49 2007-08-31 2008-02-28 ASPM Common Stock 13793 1814798 I By Coghill Capital Management, LLC and Clint D. Coghill Short Put Options (Obligation to Buy) 17.50 2007-09-04 4 X 0 25 0.00 D 2007-09-04 2008-01-19 ASPM Common Stock 2500 1812298 D Short Put Options (Obligation to Buy) 17.50 2007-09-04 2008-01-19 ASPM Common Stock 2500 1812298 I By Coghill Capital Management, LLC and Clint D. Coghill Short Put Options (Obligation to Buy) 17.50 2007-09-11 4 X 0 75 0.00 D 2007-09-11 2008-01-19 ASPM Common Stock 7500 1804798 D Short Put Options (Obligation to Buy) 17.50 2007-09-11 2008-01-19 ASPM Common Stock 7500 1804798 I By Coghill Capital Management, LLC and Clint D. Coghill Short Put Options (Obligation to Buy) 17.50 2007-09-17 4 X 0 75 0.00 D 2007-09-17 2008-01-19 ASPM Common Stock 7500 1797298 D Short Put Options (Obligation to Buy) 17.50 2007-09-17 2008-01-19 ASPM Common Stock 7500 1797298 I By Coghill Capital Management, LLC and Clint D. Coghill These securities may be deemed to be beneficially owned by Coghill Capital Management, L.L.C. ("CCM"), the investment manager of CCM Master Qualified Fund, Ltd. (the "Master Fund"). These securities may also be deemed to be beneficially owned by Clint Coghill, the President and majority owner of CCM. Each of CCM and Mr. Coghill disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. Transaction was not at the discretion of the Reporting Person, rather were the result of exercised written put options. Under the terms of these total return equity swap agreements (the "Swaps") (i) the Master Fund will be obligated to pay to the counterparty any capital depreciation of the reference shares as of maturity, plus interest, and (ii) the counterparty will be obligated to pay to the Master Fund any capital appreciation of the reference shares as of maturity. Any dividends received by the counterparty on the reference shares during the term of the Swaps will be paid to the Master Fund. All balances will be cash settled at maturity and there will be no transfer of voting or dispositive power over the reference shares. The conversion/exercise price listed represents the notational value per share upon which the Swaps are based. CCM Master Qualified Fund, Ltd., By: /s/ Clint D. Coghill, Director 2007-09-19 Coghill Capital Management, LLC, By: /s/ Clint D. Coghill, President 2007-09-19 /s/ Clint D. Coghill 2007-09-19