X0303 4 2010-06-14 0000778164 Pacific Ethanol, Inc. PEIX 0001321936 Jones William L 400 CAPITOL MALL, SUITE 2060 SACRAMENTO, CA 95814 1 0 0 0 Common Stock 2010-06-15 4 S 0 800 .7942 D 1076672 D Common Stock 2010-06-15 4 S 0 200 .7951 D 1076472 D Common Stock 2010-06-15 4 S 0 1829 .7955 D 1074643 D Common Stock 2010-06-15 4 S 0 1000 .7958 D 1073643 D Common Stock 2010-06-15 4 S 0 700 .7959 D 1072943 D Common Stock 2010-06-15 4 S 0 100 .797 D 1072843 D Common Stock 2010-06-15 4 S 0 100 .7974 D 1072743 D Common Stock 2010-06-15 4 S 0 918 .7975 D 1071825 D Common Stock 2010-06-15 4 S 0 1800 .7977 D 1070025 D Common Stock 2010-06-15 4 S 0 1400 .7978 D 1068625 D Common Stock 2010-06-15 4 S 0 100 .798 D 1068525 D Common Stock 2010-06-15 4 S 0 100 .7982 D 1068425 D Common Stock 2010-06-15 4 S 0 500 .7983 D 1067925 D Common Stock 2010-06-15 4 S 0 3200 .7999 D 1064725 D Common Stock 2010-06-15 4 S 0 20185 .80 D 1044540 D Common Stock 2010-06-15 4 S 0 400 .8002 D 1044140 D Common Stock 2010-06-15 4 S 0 2000 .8005 D 1042140 D Common Stock 2010-06-15 4 S 0 200 .8036 D 1041940 D Common Stock 2010-06-15 4 S 0 2400 .805 D 1039540 D Common Stock 2010-06-15 4 S 0 100 .8063 D 1039440 D Common Stock 2010-06-15 4 S 0 1400 .807 D 1038040 D Common Stock 2010-06-15 4 S 0 3700 .81 D 1034340 D Common Stock 2010-06-15 4 S 0 500 .8101 D 1033840 D Common Stock 2010-06-15 4 S 0 1500 .8103 D 1032340 D Common Stock 2010-06-15 4 S 0 400 .8104 D 1031940 D Common Stock 2010-06-15 4 S 0 2400 .8105 D 1029540 D Common Stock 2010-06-15 4 S 0 900 .8109 D 1028640 D Common Stock 2010-06-15 4 S 0 100 .8119 D 1028540 D Common Stock 2010-06-15 4 S 0 700 .812 D 1027840 D This Form 4 is part 2 of 3. /s/ William L. Jones 2010-06-16