X0303 4 2010-09-16 0000778164 Pacific Ethanol, Inc. PEIX 0001321936 Jones William L 400 CAPITOL MALL, #2060 SACRAMENTO CA 95814 1 0 0 0 Common Stock 2010-09-16 4 S 0 1100 .7401 D 750457 D Common Stock 2010-09-16 4 S 0 300 .7462 D 750157 D Common Stock 2010-09-16 4 S 0 300 .7463 D 749857 D Common Stock 2010-09-16 4 S 0 300 .747 D 749557 D Common Stock 2010-09-16 4 S 0 900 .7471 D 748657 D Common Stock 2010-09-16 4 S 0 1000 .7475 D 747657 D Common Stock 2010-09-16 4 S 0 500 .7476 D 747157 D Common Stock 2010-09-16 4 S 0 100 .7478 D 747057 D Common Stock 2010-09-16 4 S 0 100 .7485 D 746957 D Common Stock 2010-09-16 4 S 0 200 .7489 D 746757 D Common Stock 2010-09-16 4 S 0 200 .7493 D 746557 D Common Stock 2010-09-16 4 S 0 200 .7495 D 746357 D Common Stock 2010-09-16 4 S 0 2882 .75 D 743475 D Common Stock 2010-09-16 4 S 0 500 .7501 D 742975 D Common Stock 2010-09-16 4 S 0 2700 .7507 D 740275 D Common Stock 2010-09-16 4 S 0 1700 .7508 D 738575 D Common Stock 2010-09-16 4 S 0 3000 .751 D 735575 D Common Stock 2010-09-16 4 S 0 1700 .7511 D 733875 D Common Stock 2010-09-16 4 S 0 600 .7512 D 733275 D Common Stock 2010-09-16 4 S 0 200 .7513 D 733075 D Common Stock 2010-09-16 4 S 0 1700 .7514 D 731375 D Common Stock 2010-09-16 4 S 0 1000 .7515 D 730375 D Common Stock 2010-09-16 4 S 0 1500 .7516 D 728875 D Common Stock 2010-09-16 4 S 0 300 .7518 D 728575 D Common Stock 2010-09-16 4 S 0 500 .7519 D 728075 D Common Stock 2010-09-16 4 S 0 200 .752 D 727875 D Common Stock 2010-09-16 4 S 0 500 .7521 D 727375 D Common Stock 2010-09-16 4 S 0 1000 .7525 D 726375 D Common Stock 2010-09-16 4 S 0 1000 .7526 D 725375 D Common Stock 2010-09-16 4 S 0 600 .7529 D 724775 D This is Part 1 of 4. There were more than 30 transactions to report. /s/ William L. Jones 2010-09-17