content: <HTML>
  <HEAD>
  <TITLE>sv8</TITLE>
  </HEAD>
  <BODY bgcolor="#FFFFFF">
  <!-- PAGEBREAK -->
  <H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
  <DIV style="font-family: 'Times New Roman',Times,serif">
  
  
  <DIV align="center" style="font-size: 10pt; margin-top: 18pt">As filed with the Securities and Exchange Commission on December&nbsp;28, 2007
  </DIV>
  
  
  <DIV align="right" style="font-size: 10pt; margin-top: 12pt">Registration No.&nbsp;333-_____&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
  </DIV>
  
  
  <DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
  <DIV style="width: 100%; border-bottom: 1pt solid black; font-size: 1pt">&nbsp;</DIV>
  
  
  
  
  <DIV align="center" style="font-size: 14pt; margin-top: 12pt"><B>UNITED STATES<BR>
  SECURITIES AND EXCHANGE COMMISSION</B>
  </DIV>
  
  <DIV align="center" style="font-size: 12pt"><B>Washington, D.C. 20549</B>
  </DIV>
  
  <DIV align="center" style="font-size: 18pt; margin-top: 12pt"><B>FORM S-8</B>
  </DIV>
  
  
  <DIV align="center" style="font-size: 12pt; margin-top: 12pt"><B>REGISTRATION STATEMENT UNDER<BR>
  THE SECURITIES ACT OF 1933</B>
  </DIV>
  
  <DIV align="center" style="font-size: 24pt; margin-top: 12pt"><B>ASPECT MEDICAL SYSTEMS, INC.</B>
  </DIV>
  
  <DIV align="center" style="font-size: 10pt">(Exact Name of Registrant as Specified in Its Charter)</DIV>
  
  
  <DIV align="center">
  <TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
  <!-- Begin Table Head -->
  <TR valign="bottom">
      <TD width="47%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="47%">&nbsp;</TD>
  </TR>
  <!-- End Table Head -->
  <!-- Begin Table Body -->
  <TR valign="bottom">
      <TD align="center" valign="top"><B>Delaware</B><BR>
  (State or Other Jurisdiction of <BR>
  Incorporation or Organization)
  </TD>
      <TD>&nbsp;</TD>
      <TD align="center" valign="top"><B>04-2985553</B><BR>
  (I.R.S. Employer<BR>
  Identification No.)</TD>
  </TR>
  <!-- End Table Body -->
  </TABLE>
  </DIV>
  
  <DIV align="center">
  <TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
  <!-- Begin Table Head -->
  <TR valign="bottom">
      <TD width="47%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="47%">&nbsp;</TD>
  </TR>
  <!-- End Table Head -->
  <!-- Begin Table Body -->
  <TR valign="bottom">
      <TD align="center" valign="top"><B>One Upland Road, Norwood, Massachusetts</B><BR>
  (Address of Principal Executive Offices)
  </TD>
      <TD>&nbsp;</TD>
      <TD align="center" valign="top"><B>02062</B><BR>
  (Zip Code)</TD>
  </TR>
  <!-- End Table Body -->
  </TABLE>
  </DIV>
  
  
  <DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>2001 STOCK INCENTIVE PLAN</B><BR>
  (Full Title of the Plan)
  </DIV>
  
  
  <DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Nassib G. Chamoun<BR>
  President and Chief Executive Officer<BR>
  Aspect Medical Systems, Inc.<BR>
  One Upland Road<BR>
  Norwood, Massachusetts 02062</B><BR>
  (Name and Address of Agent For Service)
  </DIV>
  
  
  <DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>(617)&nbsp;559-7000</B><BR>
  (Telephone Number, Including Area Code, of Agent For Service)
  </DIV>
  
  
  <DIV align="center" style="font-size: 10pt; margin-top: 18pt">With copy to:
  </DIV>
  
  
  <DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Susan W. Murley, Esq.<BR>
  Wilmer Cutler Pickering Hale and Dorr LLP<BR>
  60 State Street<BR>
  Boston, Massachusetts 02109<BR>
  (617)&nbsp;526-6000</B>
  </DIV>
  
  
  <DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>CALCULATION OF REGISTRATION FEE</B>
  </DIV>
  
  <DIV align="center">
  <TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
  <!-- Begin Table Head -->
  <TR valign="bottom">
      <TD width="1%">&nbsp;</TD>
      <TD width="26%">&nbsp;</TD>
      <TD width="0%">&nbsp;</TD><!-- VRule -->
      <TD width="0%">&nbsp;</TD>
      <TD width="18%">&nbsp;</TD>
      <TD width="0%">&nbsp;</TD><!-- VRule -->
      <TD width="0%">&nbsp;</TD>
      <TD width="18%">&nbsp;</TD>
      <TD width="0%">&nbsp;</TD><!-- VRule -->
      <TD width="0%">&nbsp;</TD>
      <TD width="18%">&nbsp;</TD>
      <TD width="0%">&nbsp;</TD><!-- VRule -->
      <TD width="0%">&nbsp;</TD>
      <TD width="18%">&nbsp;</TD>
  
      <TD width="1%">&nbsp;</TD>
  </TR><TR style="font-size: 1px" valign="bottom">
      <TD nowrap align="left" colspan="15" style="border-bottom: 3px double #000000">&nbsp;</TD>
  </TR>
  <TR style="font-size: 10pt" valign="bottom">    <TD width="1%" style="border-left: 3px double #000000">&nbsp;</TD>
  
      <TD nowrap align="center">Title of Each Class</TD>
      <TD style="border-right: 1px solid #000000">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD nowrap align="center">Amount to be</TD>
      <TD style="border-right: 1px solid #000000">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD nowrap align="center">Proposed Maximum</TD>
      <TD style="border-right: 1px solid #000000">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD nowrap align="center">Proposed Maximum</TD>
      <TD style="border-right: 1px solid #000000">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD nowrap align="center">Amount of</TD>
      <TD width="1%" style="border-right: 3px double #000000">&nbsp;</TD>
  </TR>
  <TR style="font-size: 10pt" valign="bottom">    <TD width="1%" style="border-left: 3px double #000000">&nbsp;</TD>
  
      <TD nowrap align="center">of Securities to be Registered</TD>
      <TD style="border-right: 1px solid #000000">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD nowrap align="center">Registered(1)</TD>
      <TD style="border-right: 1px solid #000000">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD nowrap align="center">Offering Price Per Share</TD>
      <TD style="border-right: 1px solid #000000">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD nowrap align="center">Aggregate Offering Price</TD>
      <TD style="border-right: 1px solid #000000">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD nowrap align="center">Registration Fee</TD>
      <TD width="1%" style="border-right: 3px double #000000">&nbsp;</TD>
  </TR>
  
  <!-- End Table Head -->
  <!-- Begin Table Body -->
  <TR valign="bottom" style="background: #cceeff">
      <TD width="1%" style="border-left: 3px double #000000; border-top: 1px solid #000000">&nbsp;</TD>
                      <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">Common Stock, $0.01
  par value per share
  (including the
  associated Series&nbsp;A
  Junior Participating
  Preferred Stock
  purchase rights)
  </DIV></TD>
      <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
      <TD style="border-top: 1px solid #000000">&nbsp;</TD>
      <TD align="center" valign="top" style="border-top: 1px solid #000000">700,000&nbsp;shares
  </TD>
      <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
      <TD style="border-top: 1px solid #000000">&nbsp;</TD>
      <TD align="center" valign="top" style="border-top: 1px solid #000000">$14.62(2)</TD>
      <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
      <TD style="border-top: 1px solid #000000">&nbsp;</TD>
  
  <TD align="center" valign="top" style="border-top: 1px solid #000000">$10,234,000(2)</TD>
      <TD style="border-right: 1px solid #000000; border-top: 1px solid #000000">&nbsp;</TD>
      <TD style="border-top: 1px solid #000000">&nbsp;</TD>
  
  <TD align="center" valign="top" style="border-top: 1px solid #000000">$315</TD>
      <TD width="1%" style="border-right: 3px double #000000; border-top: 1px solid #000000">&nbsp;</TD>
  </TR>
  <TR style="font-size: 1px" valign="bottom">
      <TD nowrap align="left" colspan="15" style="border-top: 3px double #000000">&nbsp;</TD>
  </TR>
  
  <!-- End Table Body -->
  </TABLE>
  </DIV>
  
  <DIV style="margin-top: 6pt">
  <TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
  
  <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
      <TD width="1%" nowrap align="left">(1)</TD>
      <TD width="1%">&nbsp;</TD>
      <TD>In accordance with Rule&nbsp;416 under the Securities Act of 1933, as amended, this registration
  statement shall be deemed to cover any additional securities that may from time to time be
  offered or issued to prevent dilution resulting from stock splits, stock dividends or similar
  transactions.</TD>
  </TR>
  
  </TABLE>
  </DIV>
  
  <DIV style="margin-top: 6pt">
  <TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
  
  <TR valign="top" style="font-size: 10pt; color: #000000; background: transparent">
      <TD width="1%" nowrap align="left">(2)</TD>
      <TD width="1%">&nbsp;</TD>
      <TD>Estimated solely for the purpose of calculating the registration fee pursuant to Rules 457(c)
  and 457(h) of the Securities Act of 1933, as amended, and based upon the average of the high
  and low prices of the Registrant&#146;s Common Stock as reported on The Nasdaq Global Market on
  December&nbsp;27, 2007.</TD>
  </TR>
  
  </TABLE>
  </DIV>
  
  <DIV style="width: 100%; border-bottom: 1pt solid black; margin-top: 10pt; font-size: 1pt">&nbsp;</DIV>
  <DIV style="width: 100%; border-bottom: 2pt solid black; font-size: 1pt">&nbsp;</DIV>
  
  
  
  
  
  <P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
  </DIV>
  
  <!-- PAGEBREAK -->
  <P><HR noshade><P>
  
  <DIV style="font-family: 'Times New Roman',Times,serif">
  
  
  
  
  
  
  <!-- TOC -->
  <A name="toc"><DIV align="CENTER" style="page-break-before:always"><U><B>TABLE OF CONTENTS</B></U></DIV></A>
  
  <P><CENTER>
  <TABLE border="0" width="90%" cellpadding="0" cellspacing="0">
  <TR>
  	<TD width="3%"></TD>
  	<TD width="3%"></TD>
  	<TD width="3%"></TD>
  	<TD width="3%"></TD>
  	<TD width="3%"></TD>
  	<TD width="3%"></TD>
  	<TD width="3%"></TD>
  	<TD width="3%"></TD>
  	<TD width="76%"></TD>
  </TR>
  <TR><TD></TD><TD colspan="8"><A HREF="#000">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Item&nbsp;3. Incorporation of Documents by Reference.</A></TD></TR>
  <TR><TD></TD><TD colspan="8"><A HREF="#001">Item&nbsp;5. Interests of Named Experts and Counsel.</A></TD></TR>
  <TR><TD></TD><TD colspan="8"><A HREF="#002">Item&nbsp;6. Indemnification of Directors and Officers.</A></TD></TR>
  <TR><TD></TD><TD colspan="8"><A HREF="#003">Item&nbsp;8. Exhibits.</A></TD></TR>
  <TR><TD colspan="9"><A HREF="#004">SIGNATURES</A></TD></TR>
  <TR><TD colspan="9"><A HREF="#005">INDEX TO EXHIBITS</A></TD></TR>
  <TR><TD colspan="9"><A HREF="b67694a2exv5w1.htm">EX-5.1 - Opinion of Wilmer Cutler Pickering Hale and Dorr LLP</A></TD></TR>
  <TR><TD colspan="9"><A HREF="b67694a2exv23w2.htm">EX-23.2 - Consent of Ernst & Young LLP</A></TD></TR>
  </TABLE>
  </CENTER>
  <!-- /TOC -->
  <P><HR noshade><P>
  <H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
  
  
  
  
  
  <DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>Statement of Incorporation by Reference</B>
  </DIV>
  
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This Registration Statement on Form S-8 is being filed for the purpose of registering
  additional securities of the same class as other securities for which a Registration Statement on
  Form S-8 has previously been filed and is effective. Accordingly, this Registration Statement on
  Form S-8 incorporates by reference the contents of the Registration Statement on Form S-8, File No.
  333-86048, filed by the Registrant on April&nbsp;11, 2002, and the Registration Statement on Form S-8,
  File No.&nbsp;333-124728, filed by the Registrant on May&nbsp;9, 2005, each relating to the Registrant&#146;s 2001
  Stock Incentive Plan, except for Item&nbsp;3, Incorporation of
  Documents by Reference, Item&nbsp;5, Interests of Named Experts and Counsel, Item&nbsp;6,
  Indemnification of Directors and Officers and Item&nbsp;8, Exhibits.
  </DIV>
  
  <!-- link2 "&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Item&nbsp;3. Incorporation of Documents by Reference." -->
  <DIV align="left"><A NAME="000"></A></DIV>
  
  <DIV align="left" style="font-size: 10pt; margin-top: 12pt"><B>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Item&nbsp;3. Incorporation of Documents by Reference.</B>
  </DIV>
  
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant is subject to the informational and reporting requirements of Sections&nbsp;13(a),
  14, and 15(d) of the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), and in
  accordance therewith files reports, proxy statements and other information with the Securities and
  Exchange Commission (the &#147;Commission&#148;). The following documents, which are on file with the
  Commission, are incorporated in this registration statement by reference:
  </DIV>
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;The Registrant&#146;s latest annual report filed pursuant to Section 13(a) or 15(d) of the
  Exchange Act or the latest prospectus filed pursuant to Rule 424(b) under the Securities Act that
  contains audited financial statements for the Registrant&#146;s latest fiscal year for which such
  statements have been filed.
  </DIV>
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;All other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act since the
  end of the fiscal year covered by the document referred to in (a)&nbsp;above.
  </DIV>
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;The description of the securities contained in the Registrant&#146;s registration statements
  on Form 8-A filed under the Exchange Act, including any amendment or report filed for the purpose
  of updating such description.
  </DIV>
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;All documents subsequently filed by the Registrant pursuant to Sections&nbsp;13(a), 13(c), 14 and
  15(d) of the Exchange Act, prior to the filing of a post-effective amendment which indicates that
  all securities offered hereby have been sold or which deregisters all securities then remaining
  unsold, shall be deemed to be incorporated by reference in this registration statement and to be
  part hereof from the date of the filing of such documents. Any statement contained in a document
  incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or
  superseded for the purposes of this registration statement to the extent that a statement contained
  herein or in any other subsequently filed document which also is or is deemed to be incorporated by
  reference herein modifies or supersedes such statement. Any statement so modified or superseded
  shall not be deemed, except as so modified or superseded, to constitute a part of this registration
  statement.
  </DIV>
  
  <!-- link2 "Item&nbsp;5. Interests of Named Experts and Counsel." -->
  <DIV align="left"><A NAME="001"></A></DIV>
  
  <DIV align="left" style="font-size: 10pt; margin-top: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Item&nbsp;5. Interests of Named Experts and Counsel.</B>
  </DIV>
  
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wilmer Cutler Pickering Hale and Dorr LLP has opined as to the legality of the securities
  being offered by this registration statement. Certain attorneys at Wilmer Cutler Pickering Hale
  and Dorr LLP own shares of the Registrant&#146;s Common Stock.
  </DIV>
  <!-- link2 "Item&nbsp;6. Indemnification of Directors and Officers." -->
  <DIV align="left"><A NAME="002"></A></DIV>
  
  <DIV align="left" style="font-size: 10pt; margin-top: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Item&nbsp;6. Indemnification of Directors and Officers.</B>
  </DIV>
  
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;102 (b)(7) of the Delaware General Corporation Law permits a corporation to provide in
  its certificate of incorporation that a director of the corporation shall not be personally liable
  to the corporation or its stockholders for monetary damages for breach of fiduciary duty as a
  director, except for liability (i)&nbsp;for any breach of the director&#146;s duty of loyalty to the
  corporation or its stockholder, (ii)&nbsp;for acts or omissions not in good faith or which involve
  intentional misconduct or a knowing violation of law, (iii)&nbsp;under Section&nbsp;174 of the Delaware
  General Corporation Law, or (iv)&nbsp;for any transaction from which the director derived an improper
  personal benefit.
  </DIV>
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Section&nbsp;145 of the Delaware General Corporation Law statute provides that a corporation has
  the power to indemnify a director, officer, employee or agent of the corporation and certain other
  persons serving at the request of the corporation in related capacities against amounts paid and
  expenses incurred in connection with an action or proceeding to which he is or is threatened to be
  made a party by reason of such position, if such person shall have acted in good faith and in a
  manner he reasonably believed to be in or not opposed to the best interests of the corporation,
  and, in any criminal proceeding, if such person had no reasonable cause to believe his conduct was
  unlawful; provided that, in the case of actions brought by or in the right of the corporation, no
  indemnification shall be made with respect to any matter as to which such person shall have been
  adjudged to be liable to the corporation unless and only to the extent that the adjudicating court
  determines that such indemnification is proper under the circumstances.
  </DIV>
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Article&nbsp;EIGHTH of the Registrant&#146;s Restated Certificate of Incorporation provides that no
  director of the Registrant shall be personally liable for any monetary damages for any breach of
  fiduciary duty as a director, except to the extent that the Delaware General Corporation Law
  statute prohibits the elimination or limitation of liability of directors for breach of fiduciary
  duty.
  </DIV>
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Article&nbsp;NINTH of the Registrant&#146;s Restated Certificate of Incorporation provides that a
  director or officer of the Registrant (a)&nbsp;shall be indemnified by the Registrant against all
  expenses (including attorneys&#146; fees), judgments, fines and amounts paid in settlement incurred in
  connection with any litigation or other legal proceeding (other than an action by or in the right
  of the Registrant) brought against him or threatened to be brought
  against him by virtue of his position as a director or officer of the
  Registrant or his agreement to become or serve as an officer or
  director of the Registrant if he acted in good faith and in a manner he reasonably believed to be in, or not
  </DIV>
  
  <P align="center" style="font-size: 10pt"><!-- Folio -->-1-<!-- /Folio -->
  </DIV>
  
  <!-- PAGEBREAK -->
  <P><HR noshade><P>
  <H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
  
  <DIV style="font-family: 'Times New Roman',Times,serif">
  
  
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">opposed to, the best interests of the Registrant, and, with respect to any criminal action or
  proceeding, had no reasonable cause to believe his conduct was unlawful and (b)&nbsp;shall be
  indemnified by the Registrant against all expenses (including attorneys&#146; fees) and amounts paid in
  settlement incurred in connection with any action or suit by or in the right of the Registrant brought
  against him or threatened to be brought against him by virtue of his position as a director or officer of the
  Registrant or his agreement to become or serve as an officer or
  director of the Registrant if he acted in
  good faith and in a manner reasonably believed to be in, or not opposed to, the best interests of
  the Registrant, except that no indemnification shall be made with respect to any matter as to which
  such person shall have been adjudged to be liable to the Registrant, unless a court determines
  that, despite such adjudication but in view of all of the circumstances, he is still entitled to
  indemnification of such expenses. Notwithstanding the foregoing, to the extent that a director or
  officer has been successful, on the merits or otherwise, including, without limitation, the
  dismissal of an action without prejudice, he is required to be indemnified by the Registrant
  against all expenses (including attorneys&#146; fees) incurred in connection therewith. If the Registrant does not assume the defense in connection with an action, expenses shall
  be advanced to a director or officer at his request, provided that he undertakes to repay the
  amount advanced if it is ultimately determined that he is not entitled to indemnification for such
  expenses.
  </DIV>
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Indemnification is required to be made unless the Registrant determines that the applicable
  standard of conduct required for indemnification has not been met. In the event of a determination
  by the Registrant that the director or officer did not meet the applicable standard of conduct
  required for indemnification, or if the Registrant fails to make an indemnification payment within
  60&nbsp;days after such payment is claimed by such person, such person is permitted to petition the
  court to make an independent determination as to whether such person is entitled to
  indemnification. As a condition precedent to the right of indemnification, the director or officer
  must give the Registrant notice of the action for which indemnity is sought and the Registrant has
  the right to participate in such action or assume the defense thereof.
  </DIV>
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Article&nbsp;NINTH of the Registrant&#146;s Restated Certificate of Incorporation further provides that
  the indemnification provided therein is not exclusive, and provides that in the event that the
  Delaware General Corporation Law statute is amended to expand the indemnification permitted to
  directors or officers the Registrant must indemnify those persons to the full extent permitted by
  such law as so amended.
  </DIV>
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant has purchased directors&#146; and officers&#146; liability insurance which would
  indemnify its directors and officers against damages arising out of certain kinds of claims which
  might be made against them based on their negligent acts or omissions while acting in their
  capacity as such.
  </DIV>
  <!-- link2 "Item&nbsp;8. Exhibits." -->
  <DIV align="left"><A NAME="003"></A></DIV>
  
  <DIV align="left" style="font-size: 10pt; margin-top: 12pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<B>Item&nbsp;8. Exhibits.</B>
  </DIV>
  
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Exhibit&nbsp;Index immediately preceding the exhibits is incorporated herein by reference.
  </DIV>
  
  <P align="center" style="font-size: 10pt"><!-- Folio -->-2-<!-- /Folio -->
  </DIV>
  
  <!-- PAGEBREAK -->
  <P><HR noshade><P>
  <H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
  
  <DIV style="font-family: 'Times New Roman',Times,serif">
  <!-- link1 "SIGNATURES" -->
  <DIV align="left"><A NAME="004"></A></DIV>
  
  <DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>SIGNATURES</B>
  </DIV>
  
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it
  has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and
  has duly caused this registration statement to be signed on its behalf by the undersigned,
  thereunto duly authorized, in Norwood, Massachusetts, on this 28<SUP style="font-size: 85%; vertical-align: text-top">th</SUP> day of December, 2007.
  </DIV>
  
  <TABLE width="100%" border="0" cellspacing="0" cellpadding="0" style="font-size: 10pt">
  <TR>
      <TD width="48%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="1%">&nbsp;</TD>
      <TD width="35%">&nbsp;</TD>
      <TD width="15%">&nbsp;</TD>
  </TR>
  <TR>
      <TD valign="top" align="left">&nbsp;</TD>
      <TD colspan="3" align="left">ASPECT MEDICAL SYSTEMS, INC.<BR>
  &nbsp;</TD>
      <TD>&nbsp;</TD>
  </TR><TR>
      <TD align="left">&nbsp;</TD>
      <TD valign="top">By:&nbsp;&nbsp;</TD>
      <TD colspan="2" style="border-bottom: 1px solid #000000" align="left">/s/ Nassib G. Chamoun
  &nbsp;</TD>
      <TD>&nbsp;</TD>
  </TR><TR>
      <TD align="left">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD colspan="2" align="left">Nassib G. Chamoun&nbsp;</TD>
      <TD>&nbsp;</TD>
  </TR><TR>
      <TD align="left">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD colspan="2" align="left">President and Chief Executive Officer&nbsp;</TD>
      <TD>&nbsp;</TD>
  </TR>
  <TR>
      <TD colspan="5">&nbsp;</TD>
  </TR>
  </TABLE>
  
  <DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>POWER OF ATTORNEY AND SIGNATURES</B>
  </DIV>
  
  
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;We, the undersigned officers and directors of Aspect Medical Systems, Inc., hereby severally
  constitute and appoint Nassib G. Chamoun, J. Breckenridge Eagle and Michael Falvey, and each of
  them singly, our true and lawful attorneys with full power to them, and each of them singly, to
  sign for us and in our names in the capacities indicated below, the registration statement on Form
  S-8 filed herewith and any and all subsequent amendments to said registration statement, and
  generally to do all such things in our names and on our behalf in our capacities as officers and
  directors to enable Aspect Medical Systems, Inc. to comply with the provisions of the Securities
  Act of 1933, as amended, and all requirements of the Securities and Exchange Commission, hereby
  ratifying and confirming our signatures as they may be signed by our said attorneys, or any of
  them, to said registration statement and any and all amendments thereto.
  </DIV>
  
  <DIV align="left" style="font-size: 10pt; margin-top: 6pt">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Pursuant to the requirements of the Securities Act of 1933, this registration statement has
  been signed by the following persons in the capacities and on the dates indicated.
  </DIV>
  <DIV align="center">
  <TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
  <!-- Begin Table Head -->
  <TR valign="bottom">
      <TD width="30%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="40%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="20%">&nbsp;</TD>
  </TR>
  <TR style="font-size: 10pt" valign="bottom">
      <TD nowrap align="center"><u><B>Signature</B></u></TD>
      <TD>&nbsp;</TD>
      <TD nowrap align="center"><u><B>Title</B></u></TD>
      <TD>&nbsp;</TD>
      <TD nowrap align="center"><u><B>Date</B></u></TD>
  </TR>
  
  <!-- End Table Head -->
  <!-- Begin Table Body -->
  <TR valign="bottom"><!-- Blank Space -->
      <TD align="right">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD align="center" nowrap valign="top">&nbsp;</TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
  </TR>
  <TR valign="bottom" style="padding-top: 1em">
      <TD align="left" nowrap valign="top">/s/ Nassib G. Chamoun
  <DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
  Nassib G. Chamoun</TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">
  President, Chief
  Executive Officer and
  Director (Principal
  Executive Officer)
  </TD>
      <TD>&nbsp;</TD>
      <TD align="center" valign="top">December 28, 2007</TD>
  </TR>
  <TR valign="bottom" style="padding-top: 1em">
      <TD align="left" nowrap valign="top">/s/ J. Breckenridge Eagle
  <DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
  J. Breckenridge Eagle</TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">
  Chairman of the Board
  of Directors
  </TD>
      <TD>&nbsp;</TD>
      <TD align="center" valign="top">December 28, 2007</TD>
  </TR>
  <TR valign="bottom" style="padding-top: 1em">
      <TD align="left" nowrap valign="top">/s/ Michael Falvey
  <DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
  Michael Falvey</TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">
  Vice President and
  Chief Financial
  Officer (Principal
  Financial and
  Accounting Officer)
  </TD>
      <TD>&nbsp;</TD>
      <TD align="center" valign="top">December 28, 2007</TD>
  </TR>
  <TR valign="bottom" style="padding-top: 1em">
      <TD align="left" nowrap valign="top">/s/ Boudewijn L.P.M. Bollen
  <DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
  Boudewijn L.P.M. Bollen</TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">
  Director and
  President of
  International
  Operations
  </TD>
      <TD>&nbsp;</TD>
      <TD align="center" valign="top">December 28, 2007</TD>
  </TR>
  <!-- End Table Body -->
  </TABLE>
  </DIV>
  
  
  <P align="center" style="font-size: 10pt"><!-- Folio -->-3-<!-- /Folio -->
  </DIV>
  
  <!-- PAGEBREAK -->
  <P><HR noshade><P>
  <H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
  
  <DIV style="font-family: 'Times New Roman',Times,serif">
  
  <DIV align="center">
  <TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
  <!-- Begin Table Head -->
  <TR valign="bottom">
      <TD width="30%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="40%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="20%">&nbsp;</TD>
  </TR>
  
  <!-- End Table Head -->
  <!-- Begin Table Body -->
  <TR valign="bottom" style="padding-top: 1em">
      <TD align="left" nowrap valign="top">/s/ Michael A. Esposito
  <DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
  Michael A. Esposito</TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">
  Director
  </TD>
      <TD>&nbsp;</TD>
      <TD align="center" valign="top">December 28, 2007</TD>
  </TR>
  <TR valign="bottom" style="padding-top: 1em">
      <TD align="left" nowrap valign="top">/s/ David Feigal, M.D.
  <DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
  David Feigal, M.D.</TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">
  Director
  </TD>
      <TD>&nbsp;</TD>
      <TD align="center" valign="top">December 28, 2007</TD>
  </TR>
  <TR valign="bottom" style="padding-top: 1em">
      <TD align="left" nowrap valign="top">/s/ Edwin M. Kania
  <DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
  Edwin M. Kania</TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">
  Director
  </TD>
      <TD>&nbsp;</TD>
      <TD align="center" valign="top">December 28, 2007</TD>
  </TR>
  <TR valign="bottom" style="padding-top: 1em">
      <TD align="left" nowrap valign="top">/s/ James J. Mahoney, Jr.
  <DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
  James J. Mahoney, Jr.</TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">
  Director
  </TD>
      <TD>&nbsp;</TD>
      <TD align="center" valign="top">December 28, 2007</TD>
  </TR>
  <TR valign="bottom" style="padding-top: 1em">
      <TD align="left" nowrap valign="top">/s/ John J. O&#146;Connor
  <DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
  John J. O&#146;Connor</TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">
  Director
  </TD>
      <TD>&nbsp;</TD>
      <TD align="center" valign="top">December 28, 2007</TD>
  </TR>
  <TR valign="bottom" style="padding-top: 1em">
      <TD align="left" nowrap valign="top">/s/ Donald R. Stanski, M.D.
  <DIV style="font-size: 1pt; border-bottom: 1px solid #000000">&nbsp;</DIV>
  Donald R. Stanski, M.D.</TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">
  Director
  </TD>
      <TD>&nbsp;</TD>
      <TD align="center" valign="top">December 28, 2007</TD>
  </TR>
  <!-- End Table Body -->
  </TABLE>
  </DIV>
  
  
  
  <P align="center" style="font-size: 10pt"><!-- Folio -->-4-<!-- /Folio -->
  </DIV>
  
  <!-- PAGEBREAK -->
  <P><HR noshade><P>
  <H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
  
  <DIV style="font-family: 'Times New Roman',Times,serif">
  
  
  
  <!-- link1 "INDEX TO EXHIBITS" -->
  <DIV align="left"><A NAME="005"></A></DIV>
  
  <DIV align="center" style="font-size: 10pt; margin-top: 18pt"><B>INDEX TO EXHIBITS</B>
  </DIV>
  
  <DIV align="center">
  <TABLE style="font-size: 10pt" cellspacing="0" border="0" cellpadding="0" width="100%">
  <!-- Begin Table Head -->
  <TR valign="bottom">
      <TD width="10%">&nbsp;</TD>
      <TD width="5%">&nbsp;</TD>
      <TD width="85%">&nbsp;</TD>
  </TR>
  <!-- End Table Head -->
  <!-- Begin Table Body -->
  <TR valign="bottom">
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><u>Number</u>
  </DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top"><u>Description</u></TD>
  </TR>
  <TR valign="bottom"><!-- Blank Space -->
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.1(1)
  </DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">Restated Certificate of Incorporation of the Registrant</TD>
  </TR>
  <TR valign="bottom"><!-- Blank Space -->
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.2(2)
  </DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">Amended and Restated By-Laws of the Registrant, as amended</TD>
  </TR>
  <TR valign="bottom"><!-- Blank Space -->
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.3(3)
  </DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">Rights Agreement dated November&nbsp;29, 2004 between the Registrant and
  EquiServe Trust Company, N.A., as rights agent</TD>
  </TR>
  <TR valign="bottom"><!-- Blank Space -->
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.4(4)
  </DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">Amendment No.&nbsp;1, dated as of May&nbsp;23, 2005, to the Rights Agreement,
  dated as of November&nbsp;29, 2004, between the Registrant and EquiServe
  Trust Company, N.A., as rights agent.</TD>
  </TR>
  <TR valign="bottom"><!-- Blank Space -->
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">4.5(5)
  </DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">Amendment No.&nbsp;2, dated as of November&nbsp;1, 2007, to the Rights
  Agreement, dated as of November&nbsp;29, 2004, between the Registrant
  and EquiServe Trust Company, N.A., as rights agent.</TD>
  </TR>
  <TR valign="bottom"><!-- Blank Space -->
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">5.1
  </DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">Opinion of Wilmer Cutler Pickering Hale and Dorr LLP, counsel to
  the Registrant</TD>
  </TR>
  <TR valign="bottom"><!-- Blank Space -->
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.1
  </DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">Consent of Wilmer Cutler Pickering Hale and Dorr LLP
  (included in Exhibit&nbsp;5.1)</TD>
  </TR>
  <TR valign="bottom"><!-- Blank Space -->
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">23.2
  </DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">Consent of Ernst &#038; Young LLP</TD>
  </TR>
  <TR valign="bottom"><!-- Blank Space -->
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">&nbsp;</TD>
  </TR>
  <TR valign="bottom">
      <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">24.1
  </DIV></TD>
      <TD>&nbsp;</TD>
      <TD align="left" valign="top">Power of attorney (included on the signature pages of this
  registration statement)</TD>
  </TR>
  <!-- End Table Body -->
  </TABLE>
  </DIV>
  
  
  
  <DIV align="left">
  <DIV style="font-size: 3pt; margin-top: 16pt; width: 18%; border-top: 1px solid #000000">&nbsp;</DIV>
  </DIV>
  
  <TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
  <TR>
      <TD width="3%"></TD>
      <TD width="1%"></TD>
      <TD width="96"></TD>
  </TR>
  
  <TR valign="top">
      <TD nowrap align="left">(1)</TD>
      <TD>&nbsp;</TD>
      <TD>Previously filed with the Securities and Exchange Commission as Exhibit&nbsp;3.1 to the
  Registrant&#146;s Registration Statement on Form S-1, as amended (File No.&nbsp;333-86295), and
  incorporated herein by reference.</TD>
  </TR>
  
  <TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>
  
  <TR valign="top">
      <TD nowrap align="left">(2)</TD>
      <TD>&nbsp;</TD>
      <TD>Previously filed with the Securities and Exchange Commission as Exhibit&nbsp;3.1 to the
  Registrant&#146;s Current Report on Form 8-K as filed with the Securities and Exchange Commission
  on November&nbsp;5, 2007 (File No.&nbsp;000-24663), and incorporated herein by reference.</TD>
  </TR>
  
  <TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>
  
  <TR valign="top">
      <TD nowrap align="left">(3)</TD>
      <TD>&nbsp;</TD>
      <TD>Previously filed with the Securities and Exchange Commission as Exhibit&nbsp;4.1 to the
  Registrant&#146;s Current Report on Form 8-K filed on December&nbsp;1, 2004 (File No.&nbsp;000-24663), and
  incorporated herein by reference.</TD>
  </TR>
  
  </TABLE>
  
  
  <P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
  </DIV>
  
  <!-- PAGEBREAK -->
  <P><HR noshade><P>
  <H5 align="left" style="page-break-before:always"><A HREF="#toc">Table of Contents</A></H5><P>
  
  <DIV style="font-family: 'Times New Roman',Times,serif">
  
  
  
  <TABLE width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt">
  <TR>
      <TD width="3%"></TD>
      <TD width="1%"></TD>
      <TD width="96"></TD>
  </TR>
  
  <TR valign="top">
      <TD nowrap align="left">(4)</TD>
      <TD>&nbsp;</TD>
      <TD>Previously field with the Securities and Exchange Commission as Exhibit&nbsp;2 to the Registrant&#146;s
  Registration Statement on form 8-A/A filed on May&nbsp;23, 2005 (File No.&nbsp;000-24663), and
  incorporated herein by reference.</TD>
  </TR>
  
  <TR style="font-size: 3pt"><TD>&nbsp;</TD></TR>
  
  <TR valign="top">
      <TD nowrap align="left">(5)</TD>
      <TD>&nbsp;</TD>
      <TD>Previously field with the Securities and Exchange Commission as Exhibit&nbsp;3 to the Registrant&#146;s
  Registration Statement on form 8-A/A filed on November&nbsp;7, 2007 (File No.&nbsp;000-24663), and
  incorporated herein by reference.</TD>
  </TR>
  
  </TABLE>
  
  
  
  
  <P align="center" style="font-size: 10pt"><!-- Folio -->&nbsp;<!-- /Folio -->
  </DIV>
  
  </BODY>
  </HTML>
metadata_documents: [{"type": "S-8", "sequence": "1", "filename": "b67694a2sv8.htm", "description": "FORM S-8 - ASPECT MEDICAL, INC.", "secsgml_size_bytes": 39892}]
metadata_filer: {"company-data": {"conformed-name": "ASPECT MEDICAL SYSTEMS INC", "cik": "0000886235", "assigned-sic": "3845", "irs-number": "954154357", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-148376", "film-number": "071331117"}, "business-address": {"street1": "141 NEEDHAM STREET", "city": "NEWTON", "state": "MA", "zip": "02464-1505", "phone": "(617) 559-7857"}, "mail-address": {"street1": "141 NEWTON STREET", "city": "NEWTON", "state": "MA", "zip": "02464-1505"}}
text: sv8
  Table of Contents
  As filed with the Securities and Exchange Commission on December 28, 2007
  Registration No. 333-_____
  UNITED STATES
  SECURITIES AND EXCHANGE COMMISSION
  Washington, D.C. 20549
  FORM S-8
  REGISTRATION STATEMENT UNDER
  THE SECURITIES ACT OF 1933
  ASPECT MEDICAL SYSTEMS, INC.
  (Exact Name of Registrant as Specified in Its Charter)
  Delaware
  (State or Other Jurisdiction of
  Incorporation or Organization)
  04-2985553
  (I.R.S. Employer
  Identification No.)
  One Upland Road, Norwood, Massachusetts
  (Address of Principal Executive Offices)
  02062
  (Zip Code)
  2001 STOCK INCENTIVE PLAN
  (Full Title of the Plan)
  Nassib G. Chamoun
  President and Chief Executive Officer
  Aspect Medical Systems, Inc.
  One Upland Road
  Norwood, Massachusetts 02062
  (Name and Address of Agent For Service)
  (617) 559-7000
  (Telephone Number, Including Area Code, of Agent For Service)
  With copy to:
  Susan W. Murley, Esq.
  Wilmer Cutler Pickering Hale and Dorr LLP
  60 State Street
  Boston, Massachusetts 02109
  (617) 526-6000
  CALCULATION OF REGISTRATION FEE
  Title of Each Class
  Amount to be
  Proposed Maximum
  Proposed Maximum
  Amount of
  of Securities to be Registered
  Registered(1)
  Offering Price Per Share
  Aggregate Offering Price
  Registration Fee
  Common Stock, $0.01
  par value per share
  (including the
  associated Series A
  Junior Participating
  Preferred Stock
  purchase rights)
  700,000 shares
  $14.62(2)
  $10,234,000(2)
  $315
  (1)
  In accordance with Rule 416 under the Securities Act of 1933, as amended, this registration
  statement shall be deemed to cover any additional securities that may from time to time be
  offered or issued to prevent dilution resulting from stock splits, stock dividends or similar
  transactions.
  (2)
  Estimated solely for the purpose of calculating the registration fee pursuant to Rules 457(c)
  and 457(h) of the Securities Act of 1933, as amended, and based upon the average of the high
  and low prices of the Registrant's Common Stock as reported on The Nasdaq Global Market on
  December 27, 2007.
  TABLE OF CONTENTS
  Item 3. Incorporation of Documents by Reference.
  Item 5. Interests of Named Experts and Counsel.
  Item 6. Indemnification of Directors and Officers.
  Item 8. Exhibits.
  SIGNATURES
  INDEX TO EXHIBITS
  EX-5.1 - Opinion of Wilmer Cutler Pickering Hale and Dorr LLP
  EX-23.2 - Consent of Ernst & Young LLP
  Table of Contents
  Statement of Incorporation by Reference
  This Registration Statement on Form S-8 is being filed for the purpose of registering
  additional securities of the same class as other securities for which a Registration Statement on
  Form S-8 has previously been filed and is effective. Accordingly, this Registration Statement on
  Form S-8 incorporates by reference the contents of the Registration Statement on Form S-8, File No.
  333-86048, filed by the Registrant on April 11, 2002, and the Registration Statement on Form S-8,
  File No. 333-124728, filed by the Registrant on May 9, 2005, each relating to the Registrant's 2001
  Stock Incentive Plan, except for Item 3, Incorporation of
  Documents by Reference, Item 5, Interests of Named Experts and Counsel, Item 6,
  Indemnification of Directors and Officers and Item 8, Exhibits.
  Item 3. Incorporation of Documents by Reference.
  The Registrant is subject to the informational and reporting requirements of Sections 13(a),
  14, and 15(d) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), and in
  accordance therewith files reports, proxy statements and other information with the Securities and
  Exchange Commission (the "Commission"). The following documents, which are on file with the
  Commission, are incorporated in this registration statement by reference:
  (a) The Registrant's latest annual report filed pursuant to Section 13(a) or 15(d) of the
  Exchange Act or the latest prospectus filed pursuant to Rule 424(b) under the Securities Act that
  contains audited financial statements for the Registrant's latest fiscal year for which such
  statements have been filed.
  (b) All other reports filed pursuant to Section 13(a) or 15(d) of the Exchange Act since the
  end of the fiscal year covered by the document referred to in (a) above.
  (c) The description of the securities contained in the Registrant's registration statements
  on Form 8-A filed under the Exchange Act, including any amendment or report filed for the purpose
  of updating such description.
  All documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and
  15(d) of the Exchange Act, prior to the filing of a post-effective amendment which indicates that
  all securities offered hereby have been sold or which deregisters all securities then remaining
  unsold, shall be deemed to be incorporated by reference in this registration statement and to be
  part hereof from the date of the filing of such documents. Any statement contained in a document
  incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or
  superseded for the purposes of this registration statement to the extent that a statement contained
  herein or in any other subsequently filed document which also is or is deemed to be incorporated by
  reference herein modifies or supersedes such statement. Any statement so modified or superseded
  shall not be deemed, except as so modified or superseded, to constitute a part of this registration
  statement.
  Item 5. Interests of Named Experts and Counsel.
  Wilmer Cutler Pickering Hale and Dorr LLP has opined as to the legality of the securities
  being offered by this registration statement. Certain attorneys at Wilmer Cutler Pickering Hale
  and Dorr LLP own shares of the Registrant's Common Stock.
  Item 6. Indemnification of Directors and Officers.
  Section 102 (b)(7) of the Delaware General Corporation Law permits a corporation to provide in
  its certificate of incorporation that a director of the corporation shall not be personally liable
  to the corporation or its stockholders for monetary damages for breach of fiduciary duty as a
  director, except for liability (i) for any breach of the director's duty of loyalty to the
  corporation or its stockholder, (ii) for acts or omissions not in good faith or which involve
  intentional misconduct or a knowing violation of law, (iii) under Section 174 of the Delaware
  General Corporation Law, or (iv) for any transaction from which the director derived an improper
  personal benefit.
  Section 145 of the Delaware General Corporation Law statute provides that a corporation has
  the power to indemnify a director, officer, employee or agent of the corporation and certain other
  persons serving at the request of the corporation in related capacities against amounts paid and
  expenses incurred in connection with an action or proceeding to which he is or is threatened to be
  made a party by reason of such position, if such person shall have acted in good faith and in a
  manner he reasonably believed to be in or not opposed to the best interests of the corporation,
  and, in any criminal proceeding, if such person had no reasonable cause to believe his conduct was
  unlawful; provided that, in the case of actions brought by or in the right of the corporation, no
  indemnification shall be made with respect to any matter as to which such person shall have been
  adjudged to be liable to the corporation unless and only to the extent that the adjudicating court
  determines that such indemnification is proper under the circumstances.
  Article EIGHTH of the Registrant's Restated Certificate of Incorporation provides that no
  director of the Registrant shall be personally liable for any monetary damages for any breach of
  fiduciary duty as a director, except to the extent that the Delaware General Corporation Law
  statute prohibits the elimination or limitation of liability of directors for breach of fiduciary
  duty.
  Article NINTH of the Registrant's Restated Certificate of Incorporation provides that a
  director or officer of the Registrant (a) shall be indemnified by the Registrant against all
  expenses (including attorneys' fees), judgments, fines and amounts paid in settlement incurred in
  connection with any litigation or other legal proceeding (other than an action by or in the right
  of the Registrant) brought against him or threatened to be brought
  against him by virtue of his position as a director or officer of the
  Registrant or his agreement to become or serve as an officer or
  director of the Registrant if he acted in good faith and in a manner he reasonably believed to be in, or not
  -1-
  Table of Contents
  opposed to, the best interests of the Registrant, and, with respect to any criminal action or
  proceeding, had no reasonable cause to believe his conduct was unlawful and (b) shall be
  indemnified by the Registrant against all expenses (including attorneys' fees) and amounts paid in
  settlement incurred in connection with any action or suit by or in the right of the Registrant brought
  against him or threatened to be brought against him by virtue of his position as a director or officer of the
  Registrant or his agreement to become or serve as an officer or
  director of the Registrant if he acted in
  good faith and in a manner reasonably believed to be in, or not opposed to, the best interests of
  the Registrant, except that no indemnification shall be made with respect to any matter as to which
  such person shall have been adjudged to be liable to the Registrant, unless a court determines
  that, despite such adjudication but in view of all of the circumstances, he is still entitled to
  indemnification of such expenses. Notwithstanding the foregoing, to the extent that a director or
  officer has been successful, on the merits or otherwise, including, without limitation, the
  dismissal of an action without prejudice, he is required to be indemnified by the Registrant
  against all expenses (including attorneys' fees) incurred in connection therewith. If the Registrant does not assume the defense in connection with an action, expenses shall
  be advanced to a director or officer at his request, provided that he undertakes to repay the
  amount advanced if it is ultimately determined that he is not entitled to indemnification for such
  expenses.
  Indemnification is required to be made unless the Registrant determines that the applicable
  standard of conduct required for indemnification has not been met. In the event of a determination
  by the Registrant that the director or officer did not meet the applicable standard of conduct
  required for indemnification, or if the Registrant fails to make an indemnification payment within
  60 days after such payment is claimed by such person, such person is permitted to petition the
  court to make an independent determination as to whether such person is entitled to
  indemnification. As a condition precedent to the right of indemnification, the director or officer
  must give the Registrant notice of the action for which indemnity is sought and the Registrant has
  the right to participate in such action or assume the defense thereof.
  Article NINTH of the Registrant's Restated Certificate of Incorporation further provides that
  the indemnification provided therein is not exclusive, and provides that in the event that the
  Delaware General Corporation Law statute is amended to expand the indemnification permitted to
  directors or officers the Registrant must indemnify those persons to the full extent permitted by
  such law as so amended.
  The Registrant has purchased directors' and officers' liability insurance which would
  indemnify its directors and officers against damages arising out of certain kinds of claims which
  might be made against them based on their negligent acts or omissions while acting in their
  capacity as such.
  Item 8. Exhibits.
  The Exhibit Index immediately preceding the exhibits is incorporated herein by reference.
  -2-
  Table of Contents
  SIGNATURES
  Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it
  has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and
  has duly caused this registration statement to be signed on its behalf by the undersigned,
  thereunto duly authorized, in Norwood, Massachusetts, on this 28
  th
  day of December, 2007.
  ASPECT MEDICAL SYSTEMS, INC.
  By:
  /s/ Nassib G. Chamoun
  Nassib G. Chamoun
  President and Chief Executive Officer
  POWER OF ATTORNEY AND SIGNATURES
  We, the undersigned officers and directors of Aspect Medical Systems, Inc., hereby severally
  constitute and appoint Nassib G. Chamoun, J. Breckenridge Eagle and Michael Falvey, and each of
  them singly, our true and lawful attorneys with full power to them, and each of them singly, to
  sign for us and in our names in the capacities indicated below, the registration statement on Form
  S-8 filed herewith and any and all subsequent amendments to said registration statement, and
  generally to do all such things in our names and on our behalf in our capacities as officers and
  directors to enable Aspect Medical Systems, Inc. to comply with the provisions of the Securities
  Act of 1933, as amended, and all requirements of the Securities and Exchange Commission, hereby
  ratifying and confirming our signatures as they may be signed by our said attorneys, or any of
  them, to said registration statement and any and all amendments thereto.
  Pursuant to the requirements of the Securities Act of 1933, this registration statement has
  been signed by the following persons in the capacities and on the dates indicated.
  Signature
  Title
  Date
  /s/ Nassib G. Chamoun
  Nassib G. Chamoun
  President, Chief
  Executive Officer and
  Director (Principal
  Executive Officer)
  December 28, 2007
  /s/ J. Breckenridge Eagle
  J. Breckenridge Eagle
  Chairman of the Board
  of Directors
  December 28, 2007
  /s/ Michael Falvey
  Michael Falvey
  Vice President and
  Chief Financial
  Officer (Principal
  Financial and
  Accounting Officer)
  December 28, 2007
  /s/ Boudewijn L.P.M. Bollen
  Boudewijn L.P.M. Bollen
  Director and
  President of
  International
  Operations
  December 28, 2007
  -3-
  Table of Contents
  /s/ Michael A. Esposito
  Michael A. Esposito
  Director
  December 28, 2007
  /s/ David Feigal, M.D.
  David Feigal, M.D.
  Director
  December 28, 2007
  /s/ Edwin M. Kania
  Edwin M. Kania
  Director
  December 28, 2007
  /s/ James J. Mahoney, Jr.
  James J. Mahoney, Jr.
  Director
  December 28, 2007
  /s/ John J. O'Connor
  John J. O'Connor
  Director
  December 28, 2007
  /s/ Donald R. Stanski, M.D.
  Donald R. Stanski, M.D.
  Director
  December 28, 2007
  -4-
  Table of Contents
  INDEX TO EXHIBITS
  Number
  Description
  4.1(1)
  Restated Certificate of Incorporation of the Registrant
  4.2(2)
  Amended and Restated By-Laws of the Registrant, as amended
  4.3(3)
  Rights Agreement dated November 29, 2004 between the Registrant and
  EquiServe Trust Company, N.A., as rights agent
  4.4(4)
  Amendment No. 1, dated as of May 23, 2005, to the Rights Agreement,
  dated as of November 29, 2004, between the Registrant and EquiServe
  Trust Company, N.A., as rights agent.
  4.5(5)
  Amendment No. 2, dated as of November 1, 2007, to the Rights
  Agreement, dated as of November 29, 2004, between the Registrant
  and EquiServe Trust Company, N.A., as rights agent.
  5.1
  Opinion of Wilmer Cutler Pickering Hale and Dorr LLP, counsel to
  the Registrant
  23.1
  Consent of Wilmer Cutler Pickering Hale and Dorr LLP
  (included in Exhibit 5.1)
  23.2
  Consent of Ernst & Young LLP
  24.1
  Power of attorney (included on the signature pages of this
  registration statement)
  (1)
  Previously filed with the Securities and Exchange Commission as Exhibit 3.1 to the
  Registrant's Registration Statement on Form S-1, as amended (File No. 333-86295), and
  incorporated herein by reference.
  (2)
  Previously filed with the Securities and Exchange Commission as Exhibit 3.1 to the
  Registrant's Current Report on Form 8-K as filed with the Securities and Exchange Commission
  on November 5, 2007 (File No. 000-24663), and incorporated herein by reference.
  (3)
  Previously filed with the Securities and Exchange Commission as Exhibit 4.1 to the
  Registrant's Current Report on Form 8-K filed on December 1, 2004 (File No. 000-24663), and
  incorporated herein by reference.
  Table of Contents
  (4)
  Previously field with the Securities and Exchange Commission as Exhibit 2 to the Registrant's
  Registration Statement on form 8-A/A filed on May 23, 2005 (File No. 000-24663), and
  incorporated herein by reference.
  (5)
  Previously field with the Securities and Exchange Commission as Exhibit 3 to the Registrant's
  Registration Statement on form 8-A/A filed on November 7, 2007 (File No. 000-24663), and
  incorporated herein by reference.