0000919574-11-004978.txt : 20110817 0000919574-11-004978.hdr.sgml : 20110817 20110817203044 ACCESSION NUMBER: 0000919574-11-004978 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20110815 FILED AS OF DATE: 20110817 DATE AS OF CHANGE: 20110817 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: COGHILL CLINT D CENTRAL INDEX KEY: 0001235155 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-15503 FILM NUMBER: 111043586 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: WORKSTREAM INC CENTRAL INDEX KEY: 0001095266 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-BUSINESS SERVICES, NEC [7389] IRS NUMBER: 000000000 STATE OF INCORPORATION: A6 FISCAL YEAR END: 0531 BUSINESS ADDRESS: STREET 1: 485 N. KELLER ROAD STREET 2: SUITE 500 CITY: MAITLAND STATE: FL ZIP: 32751 BUSINESS PHONE: 407-475-5500 MAIL ADDRESS: STREET 1: 485 N. KELLER ROAD STREET 2: SUITE 500 CITY: MAITLAND STATE: FL ZIP: 32751 FORMER COMPANY: FORMER CONFORMED NAME: E CRUITER COM INC DATE OF NAME CHANGE: 19990917 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: COGHILL CAPITAL MANAGEMENT LLC CENTRAL INDEX KEY: 0001162675 STATE OF INCORPORATION: IL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-15503 FILM NUMBER: 111043587 BUSINESS ADDRESS: STREET 1: 1 N WACKER DR STREET 2: STE 4350 CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3123242000 MAIL ADDRESS: STREET 1: 1 N WACKER DR STREET 2: STE 4350 CITY: CHICAGO STATE: IL ZIP: 60606 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: CCM MASTER QUALIFIED FUND LTD CENTRAL INDEX KEY: 0001235152 STATE OF INCORPORATION: E9 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-15503 FILM NUMBER: 111043588 BUSINESS ADDRESS: STREET 1: ONE N WACKER DR STREET 2: STE 4350 CITY: CHICAGO STATE: IL ZIP: 60606 BUSINESS PHONE: 3123242031 MAIL ADDRESS: STREET 1: C/O MORGAN STANLEY FUND SERVICES (CAYMAN STREET 2: LTD CENTURY YARD CRICKET SQ HUTCHINGS DR CITY: PO BOX 2681 GEORGE TOWN STATE: E9 ZIP: 00000 FORMER NAME: FORMER CONFORMED NAME: CCM MASTER FUND LTD DATE OF NAME CHANGE: 20030522 4 1 p1221151.xml OWNERSHIP DOCUMENT X0304 4 2011-08-15 0 0001095266 WORKSTREAM INC WSTMF 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 NORTH WACKER DRIVE SUITE 4350 CHICAGO IL 60606 0 0 1 0 0001235155 COGHILL CLINT D C/O COGHILL CAPITAL MANAGEMENT, LLC 1 NORTH WACKER DRIVE, SUITE 4350 CHICAGO IL 60606 0 0 1 0 Class A, Series B Convertible Preferred Stock 2011-08-15 4 P 0 147841 3.00 A 1105924 D Class A, Series B Convertible Preferred Stock 2011-08-15 4 P 0 147841 3.00 A 1105924 I Indirectly by Coghill Capital Management, LLC and Clint D. Coghill See Form 8-K filed by Issuer on August 17, 2011. Reporting Person's Form 3 dated August 23, 2010 indicated beneficial ownership of 383,233,209 shares of Issuer's common stock. On May 10, 2011 the Issuer completed a reverse stock split whereby the Reporting Person's shares were reduced to 958,083. Each Class A, Series B Convertible Preferred Share is convertible, at the option of the Reporting Person, at any time and from time to time, and without the payment of additional consideration by the Reporting Person, into one share of fully paid and nonassessable Common Shares. These securities may be deemed to be beneficially owned by Coghill Capital Management, LLC ("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 D. 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. CCM Master Qualified Fund, Ltd., By: Clint D. Coghill, Director, /s/ Clint D. Coghill 2011-08-17 Coghill Capital Management, LLC, By: Clint D. Coghill, Managing Member, /s/ Clint D. Coghill 2011-08-17 /s/ Clint D. Coghill 2011-08-17