SEC FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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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^*

Marks Dean Richard

(Last)

(First)

(Middle)

4961 WINDPLAY DRIVE

SUITE 100

(Street)

EL DORADO HILLS

95762

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
Premier Power Renewable Energy, Inc. [ PPRW ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Executive Officer

3. Date of Earliest Transaction (Month/Day/Year)
10/31/2008

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common stock	10/31/2008		S		920,000	D	⁽¹⁾	12,154,215	D
Common stock	10/31/2008		J		333,841	D	⁽²⁾	11,234,215	D
Common stock	08/28/2009		A		200	A	$0	11,234,415	I	By wife
Common stock	09/15/2010		A		3,700	A	$1.35	11,238,115	D

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Stock Option	$4.675	01/09/2009		A		83,932		⁽³⁾	01/09/2019	Common stock	83,932	$0	83,932	D
Stock option	$4.25	01/09/2009		A		27,000		⁽³⁾	01/09/2019	Common stock	27,000	$0	27,000	I	By wife
Stock option	$2.2	02/19/2010		A		13,000		⁽⁴⁾	02/19/2020	Common stock	13,000	$0	13,000	I	By wife

Explanation of Responses:

1. This reporting person sold the securities reported in Column 4 in a private sale along with an option for the buyer to purchase an additional 533,333 shares of the issuer's common stock in exchange for aggregate consideration of $1,840,000. The shares subject to the option were deposited with an escrow agent.

2. The securities reported in Column 4 were transferred for no consideration to another officer of the issuer who sold his own shares of the issuer's common stock and an option to purchase such officer's shares of the issuer's common stock to the same buyer described in footnote 1. These securities along with a number of the other officer's own shares of the issuer's common stock were subject to the option and were deposited with an escrow agent. This reporting person transferred the reported securities to the other officer due to a limitation on the number of shares of common stock held by the other officer that could be deposited with the escrow agent during a restriction period. If the option is not fully excercised by the buyer during the option term or by the end of the restriction period, any remaining portion of these securities will be transferred back to this reporting person.

3. This stock award vests in equal annual amounts over five (5) years from the date of grant, January 9, 2009.

4. This stock award vests in equal annual amounts over four (4) years from the date of grant, February 19, 2010.

Remarks:

This reporting person is not currently required to report under Section 16(a) as the issuer's equity securities are not currently registered under Section 12 of the 1934 Act.

	/s/ Dean Richard Marks	09/30/2010
	** 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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