X0202 4 2008-01-19 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 DR STE 4350 CHICAGO IL 60606 0 0 1 0 0001235155 COGHILL CLINT D 0 0 1 0 ASPM Common Stock 2008-01-19 4 X 0 6500 15.02 A 1840249 D ASPM Common Stock 1840249 I By Coghill Capital Management LLC and Clint Coghill ASPM Common Stock 2008-01-19 4 X 0 305900 15.02 A 2146149 D ASPM Common Stock 2146149 I By Coghill Capital Management LLC and Clint Coghill ASPM Common Stock 2008-01-19 4 X 0 1000 17.52 A 2147149 D ASPM Common Stock 2147149 I By Coghill Capital Management LLC and Clint Coghill Call Option (Right to Buy) 17.5 2008-01-19 4 X 0 725 0 D 2008-01-19 2008-01-19 ASPM Common Stock 72500 1493498 D Call Option (Right to Buy) 17.5 2008-01-19 2008-01-19 ASPM Common Stock 72500 1493498 I By Coghill Capital Management LLC and Clint Coghill Call Option (Right to Buy) 20 2008-01-19 4 X 0 1411 0 D 2008-01-19 2008-01-19 ASPM Common Stock 141100 1352398 D Call Option (Right to Buy) 20 2008-01-19 2008-01-19 ASPM Common Stock 141100 1352398 I By Coghill Capital Management LLC and Clint Coghill Call Option (Right to Buy) 25 2008-01-19 4 X 0 160 0 D 2008-01-19 2008-01-19 ASPM Common Stock 16000 1336398 D Call Option (Right to Buy) 25 2008-01-19 2008-01-19 ASPM Common Stock 16000 1336398 I By Coghill Capital Management LLC and Clint Coghill Short Put Options (Obligation to Buy) 15 2008-01-19 4 X 0 65 0 D 2008-01-19 2008-01-19 ASPM Common Stock 6500 1329898 D Short Put Options (Obligation to Buy) 15 2008-01-19 2008-01-19 ASPM Common Stock 6500 1329898 I By Coghill Capital Management LLC and Clint Coghill Short Put Options (Obligation to Buy) 15 2008-01-19 4 X 0 3059 0 D 2008-01-19 2008-01-19 ASPM Common Stock 305900 1023998 D Short Put Options (Obligation to Buy) 15 2008-01-19 2008-01-19 ASPM Common Stock 305900 1023998 I By Coghill Capital Management LLC and Clint Coghill Short Put Options (Obligation to Buy) 17.5 2008-01-19 4 X 0 10 0 D 2008-01-19 2008-01-19 ASPM Common Stock 1000 1022998 D Short Put Options (Obligation to Buy) 17.5 2008-01-19 2008-01-19 ASPM Common Stock 1000 1022998 I By Coghill Capital Management LLC and Clint Coghill Short Put Options (Obligation to Buy) 12.5 2008-01-19 4 X 0 1809 0 D 2008-01-19 2008-01-19 ASPM Common Stock 180900 842098 D Short Put Options (Obligation to Buy) 12.5 2008-01-19 2008-01-19 ASPM Common Stock 180900 842098 I By Coghill Capital Management LLC and Clint 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. CCM Master Qualified Fund, Ltd 2008-01-23 Coghill Capital Management LLC 2008-01-23 Clint D Coghill 2008-01-23