Thanks for your reply. For the cases in which I have 3 time points for a subject I actually do have 3 sw*.nii files, not four, which I think makes sense. You mentioned I should have only three C1 files, three wc1 files, etc. However, only one c1avg*nii file was outputted for each subject (no matter if the subject had three or four time points). Furthermore, no wc1 files were given, instead I have rc1avg* files. I think this is because I used the serial registration option in SPM 12. Can you verify that this is correct, I'm a little confused now. Thanks & Happy 2015.
p.s. thanks for the stats advice!