X0203 3 2010-08-13 0 0001095266 WORKSTREAM INC WSTM 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 Common Stock 383233209 D Common Stock 383233209 I Indirectly by Coghill Capital Management, LLC and Clint D. Coghill Warrants 0.1 2012-07-31 2012-07-31 Common Stock 1875000 D Warrants 0.1 2012-07-31 2012-07-31 Common Stock 1875000 I Indirectly 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. The Warrants are subject to restrictions on their exercise so long as the Reporting Persons beneficially own more than 9.99% of the Issuer's Shares. A copy of the form of Warrant is filed with the Issuer's Form 8-K filed on September 5, 2008. CCM Master Qualified Fund, Ltd 2010-08-23 Coghill Capital Management, LLC 2010-08-23 Clint D. Coghill 2010-08-23