Hi DABlaylock,
If you're fine with changing the title/format of E1:L1 in time format (i.e. E1=0:00, F1=0:15, G1=0:30 ... L1=15:00), then you may skip the text conversion and use the following formula (and copy across E2:L362) to achieve your objective.
Formula:
E2=IF($C2<$L$1,IF(AND($C2>=E$1, $C2<F$1),1,""),IF(INDIRECT("R1C",0)=$L$1,1,""))
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Alvin
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