X0303 4 2009-12-16 0000778164 Pacific Ethanol, Inc. PEIX 0001321936 Jones William L 400 CAPITOL MALL, SUITE 2060 SACRAMENTO CA 95814 1 0 0 0 Common Stock 2009-12-16 4 S 0 2100 .70 D 1194192 D Common Stock 2009-12-16 4 S 0 800 .7021 D 1193392 D Common Stock 2009-12-16 4 S 0 100 .7065 D 1193292 D Common Stock 2009-12-16 4 S 0 100 .7087 D 1193192 D Common Stock 2009-12-16 4 S 0 4800 .71 D 1188392 D Common Stock 2009-12-16 4 S 0 2400 .7103 D 1185992 D Common Stock 2009-12-16 4 S 0 2900 .7105 D 1183092 D Common Stock 2009-12-16 4 S 0 500 .711 D 1182592 D Common Stock 2009-12-16 4 S 0 100 .7113 D 1182492 D Common Stock 2009-12-16 4 S 0 200 .7138 D 1182292 D Common Stock 2009-12-16 4 S 0 200 .7145 D 1182092 D Common Stock 2009-12-16 4 S 0 64 .7149 D 1182028 D Common Stock 2009-12-16 4 S 0 2400 .715 D 1179628 D Common Stock 2009-12-16 4 S 0 600 .7151 D 1179028 D Common Stock 2009-12-16 4 S 0 700 .7179 D 1178328 D Common Stock 2009-12-16 4 S 0 100 .7189 D 1178228 D Common Stock 2009-12-16 4 S 0 2786 .72 D 1175442 D Common Stock 2009-12-16 4 S 0 300 .7225 D 1175142 D Common Stock 2009-12-16 4 S 0 100 .7237 D 1175042 D Common Stock 2009-12-16 4 S 0 1500 .725 D 1173542 D Common Stock 2009-12-16 4 S 0 3709 .73 D 1169833 D Common Stock 2009-12-16 4 S 0 2100 .7301 D 1167733 D Common Stock 2009-12-16 4 S 0 600 .7303 D 1167133 D Common Stock 2009-12-16 4 S 0 1900 .7304 D 1165233 D Common Stock 2009-12-16 4 S 0 500 .7305 D 1164733 D Common Stock 2009-12-16 4 S 0 500 .731 D 1164233 D Common Stock 2009-12-16 4 S 0 600 .732 D 1163633 D Common Stock 2009-12-16 4 S 0 700 .7321 D 1162933 D Common Stock 2009-12-16 4 S 0 200 .7325 D 1162733 D Common Stock 2009-12-16 4 S 0 100 .7329 D 1162633 D This is part 1 of 3. /s/ William L. Jones 2009-12-16