AUTOBYTEL INC (Form: 4, Received: 05/05/2009 21:54:39)

FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).	UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES	OMB APPROVAL OMB Number: 3235-0287 Expires: February 28, 2011 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^* CCM MASTER QUALIFIED FUND LTD	2. Issuer Name and Ticker or Trading Symbol AUTOBYTEL INC [ ABTL ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director __ X __ 10% Owner _____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle) C/O MORGAN STANLEY FUND SERVICES (CAYMAN, LTD CENTURY YARD CRICKET SQ HUTCHINGS DR	3. Date of Earliest Transaction (MM/DD/YYYY) 5/1/2009
(Street) PO BOX 2681 GEORGE TOWN, E9 00000 (City) (State) (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) ___ Form filed by One Reporting Person _ X _ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)		4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	5/1/2009		J ⁽³⁾		686975	D	$0.54	7431435	D
Common Stock	5/1/2009		J ⁽³⁾		776724	D	$0.54	8118410	I ⁽¹⁾ ⁽²⁾	Indirectly by Coghill Capital Management, LLC and Clint D. Coghill ⁽¹⁾ ⁽²⁾

*Table II - Derivative Securities Beneficially Owned ( e.g.* , puts, calls, warrants, options, convertible securities)**
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)
Equity Swap ⁽⁴⁾	$0.54 ⁽⁴⁾	5/1/2009		J ⁽³⁾			3409633 ⁽⁴⁾	5/1/2009 ⁽⁴⁾	5/1/2011 ⁽⁴⁾	ABTL Common Stock	3409633 ⁽⁴⁾	$0.54	484390 ⁽⁴⁾	D ⁽⁴⁾
Equity Swap ⁽⁴⁾	$0.54 ⁽⁴⁾	5/1/2009		J ⁽³⁾			3409633 ⁽⁴⁾	5/1/2009 ⁽⁴⁾	5/1/2011 ⁽⁴⁾	ABTL Common Stock	3409633 ⁽⁴⁾	$0.54	3894023 ⁽⁴⁾	I ⁽¹⁾ ⁽²⁾ ⁽⁴⁾	Indirectly by Coghill Capital Management, LLC and Clint D. Coghill ⁽¹⁾ ⁽²⁾

Explanation of Responses:
( 1)	The Reporting Person disclaims beneficial ownership of the securities to the extent of its pecuniary interest therein.
( 2)	Principal of investment manager or investment manager to the investment management entity in whose account the reported securities are held.
( 3)	The subject securities were transferred as an in-kind contribution of capital from CCM Master Qualified Fund, Ltd to CCM SPV II, LLC, another collective investment vehicle managed by Coghill Capital Management, LLC.
( 4)	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.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
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		X
COGHILL CAPITAL MANAGEMENT LLC 1 N WACKER DR STE 4350 CHICAGO, IL 60606		X
COGHILL CLINT D		X

Signatures
CCM Master Qualified Fund, Ltd., By: /s/ Clint D. Coghill, Director		5/5/2009
^** Signature of Reporting Person		Date
Coghill Capital Management, LLC, By: /s/ Clint D. Coghill, President		5/5/2009
^** Signature of Reporting Person		Date
By: /s/ Clint D. Coghill		5/5/2009
^** Signature of Reporting Person		Date

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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