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Filing Details

Accession Number:: 0001162675-10-000013
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2010-05-13 13:00:00
Reporting Period:: 2010-05-11

Filing Date:: 2010-05-13
Accepted Time:: 2010-05-13 19:09:34
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1023364	Autobytel Inc	ABTL	Services-Computer Programming, Data Processing, Etc. (7370)	330711569

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1162675	Coghill Capital Management Llc	1 N Wacker Dr Ste 4350 Chicago IL 60606		No	No	Yes	No
1235155	D Clint Coghill			No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2010-05-11	100,000	$1.04	7,618,410	No	4	S	Indirect	Indirectly by Coghill Capital Management, LLC and Clint D. Coghill
Common Stock	Disposition	2010-05-13	96,724	$1.00	7,521,686	No	4	S	Indirect	Indirectly by Coghill Capital Management, LLC and Clint D. Coghill
Common Stock	Disposition	2010-05-13	180,000	$1.03	7,341,686	No	4	S	Indirect	Indirectly by Coghill Capital Management, LLC and Clint D. Coghill

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	Indirectly by Coghill Capital Management, LLC and Clint D. Coghill
No	4	S	Indirect	Indirectly by Coghill Capital Management, LLC and Clint D. Coghill
No	4	S	Indirect	Indirectly by Coghill Capital Management, LLC and Clint D. Coghill

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Abtl Common Stock	Equity Swap	Disposition	2010-05-11	279,003	$1.05	279,003	$0.54
Abtl Common Stock	Equity Swap	Disposition	2010-05-12	533,534	$1.01	533,534	$0.54
Abtl Common Stock	Equity Swap	Disposition	2010-05-13	1,597,808	$1.02	1,597,808	$0.54

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
2,460,669	2009-04-30	2012-05-04	Yes	4	S	Indirect
1,927,135	2009-04-30	2012-05-04	Yes	4	S	Indirect
329,327	2009-04-30	2012-05-04	Yes	4	S	Indirect

Footnotes

The Reporting Person disclaims beneficial ownership of the securities to the extent of its pecuniary interest therein.
Principal of investment manager or investment manager to the investment management entity in whose account the reported securities are held.
The reported transaction relates to the sale of the subject securities by CCM SPV II, LLC, a private investment vehicle managed by Coghill Capital Management, L.L.C., and which received the subject securities in connection with certain in-kind redemptions by investors from CCM Master Qualified Fund, Ltd. CCM SPV II, LLC is not (and never has been) itself a "10% owner" subject to Section 16. Further, Coghill Capital Management, L.L.C. and Clint D. Coghill have no pecuniary interest in CCM SPV II, LLC or the subject securities.
Under the terms of these total return equity swap agreements (the "Swaps") (i) CCM Master Qualified Fund, Ltd or CCM SPV II, LLC, as the case may be, 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 CCM Master Qualified Fund, Ltd or CCM SPV II, LLC, as the case may be, 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 CCM Master Qualified Fund, Ltd or CCM SPV II, LLC, as the case may be. All balances will be cash settled at maturity and there will be no transfer of voting or dispositive power over the reference shares.