X0303 4 2010-09-02 0000778164 Pacific Ethanol, Inc. PEIX 0001321936 Jones William L 400 CAPITOL MALL, #2060 SACRAMENTO CA 95814 1 0 0 0 Common Stock 2010-09-02 4 S 0 200 .5739 D 777607 D Common Stock 2010-09-02 4 S 0 500 .575 D 777107 D Common Stock 2010-09-02 4 S 0 900 .5757 D 776207 D Common Stock 2010-09-02 4 S 0 300 .5758 D 775907 D Common Stock 2010-09-02 4 S 0 800 .5761 D 775107 D Common Stock 2010-09-02 4 S 0 200 .5763 D 774907 D Common Stock 2010-09-02 4 S 0 1300 .5768 D 773607 D Common Stock 2010-09-02 4 S 0 800 .5769 D 772807 D Common Stock 2010-09-02 4 S 0 600 .5777 D 772207 D Common Stock 2010-09-02 4 S 0 250 .5778 D 771957 D Common Stock 2010-09-02 4 S 0 100 .5783 D 771857 D Common Stock 2010-09-02 4 S 0 400 .5789 D 771457 D Common Stock 2010-09-02 4 S 0 400 .5793 D 771057 D Common Stock 2010-09-02 4 S 0 1000 .5795 D 770057 D Common Stock 2010-09-02 4 S 0 100 .5798 D 769957 D Common Stock 2010-09-02 4 S 0 100 .5799 D 769857 D Common Stock 2010-09-02 4 S 0 4300 .58 D 765557 D Common Stock 2010-09-02 4 S 0 1000 .5801 D 764557 D Common Stock 2010-09-02 4 S 0 2400 .5802 D 762157 D Common Stock 2010-09-02 4 S 0 900 .5803 D 761257 D Common Stock 2010-09-02 4 S 0 800 .5808 D 760457 D Common Stock 2010-09-02 4 S 0 100 .5821 D 760357 D Common Stock 2010-09-02 4 S 0 1200 .5822 D 759157 D Common Stock 2010-09-02 4 S 0 200 .5826 D 758957 D Common Stock 2010-09-02 4 S 0 600 .5835 D 758357 D Common Stock 2010-09-02 4 S 0 100 .5851 D 758257 D Common Stock 2010-09-02 4 S 0 3000 .5853 D 755257 D Common Stock 2010-09-02 4 S 0 100 .5858 D 755157 D Common Stock 2010-09-02 4 S 0 100 .5859 D 755057 D This is Part 2 of 3. There are more than 30 transactions to report. /s/ William L. Jones 2010-09-03