SEC Form 4

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

1. Name and Address of Reporting Person* SZ INVESTMENTS LLC (Last) (First) (Middle) TWO NORTH RIVERSIDE PLAZA (Street) CHICAGO IL 60606 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol Adams Respiratory Therapeutics, Inc. [ ARXT ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 08/24/2006
	4. If Amendment, Date of Original Filed (Month/Day/Year)	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. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction 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)
			Code	V	Amount	(A) or (D)	Price
Common Stock, $0.01 par value	08/24/2006		J		72,613	A	$0	4,924,315	D ( 1 )
Common Stock, $0.01 par value								848	D ( 2 )
Common Stock, $0.01 par value								251,231	D ( 3 )
Common Stock, $0.01 par value								2,680	D ( 4 )

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction 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 (Month/Day/Year)		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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* SZ INVESTMENTS LLC (Last) (First) (Middle) TWO NORTH RIVERSIDE PLAZA (Street) CHICAGO IL 60606 (City) (State) (Zip)

1. Name and Address of Reporting Person* EGI FUND 02 04 INVESTORS LLC (Last) (First) (Middle) C/O EQUITY GROUP INVESTMENTS 2 N RIVERSIDE PLZ (Street) CHICAGO IL 60606 (City) (State) (Zip)

1. Name and Address of Reporting Person* EGI MANAGING MEMBER 02 04 LLC (Last) (First) (Middle) EQUITY GROUP INVESTMENTS LLC 2 N RIVERSIDE PALZA STE 600 (Street) CHICAGO IL 60606 (City) (State) (Zip)

1. Name and Address of Reporting Person* GVI Holdings, Inc. (Last) (First) (Middle) TWO NORTH RIVERSIDE PLAZA SUITE 600 (Street) CHICAGO IL 60606 (City) (State) (Zip)

1. Name and Address of Reporting Person* GAMI INVESTMENTS INC (Last) (First) (Middle) TWO NORTH RIVERSIDE PLAZA SUITE 600 (Street) CHICAGO IL 60606 (City) (State) (Zip)

1. Name and Address of Reporting Person* CHAI TRUST CO LLC (Last) (First) (Middle) TWO NORTH RIVERSIDE PLAZA SUITE 600 (Street) CHICAGO IL 60606 (City) (State) (Zip)

Explanation of Responses:

1. Shares held by SZ Investments, L.L.C. ("SZI"). Pro rata distribution from an unaffiliated investment partnership of which SZI is a limited partner. SZI is indirectly owned by trusts, the trustee of which is Chai Trust Company, L.L.C. ("Chai")

2. Shares held by EGI-Fund (02-04) Investors, L.L.C. ("Fund 02-04"). EGI-Managing Member (02-04), L.L.C. is the managing member of Fund 02-04, the managing member of which is SZI. Chai is the trustee of trusts which have an indirect ownership interest in Fund 02-04.

3. Shares held by GVI Holdings, Inc. ("GVI"). GVI is indirectly owned by trusts, the trustee of certain of which is Chai and the trustee of one of which is Samuel Zell.

4. Shares held by GAMI Investments, Inc. ("GAMI"). GAMI is indirectly owned by trusts, the trustee of certain of which is Chai and the trustee of one of which is Samuel Zell.

Remarks:

The address for each Reporting Person is Two North Riverside Plaza, Suite 600, Chicago, Illinois 60606.

	Philip G. Tinkler, Vice President	08/31/2006
	** 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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