X0303 4 2010-11-18 0000778164 Pacific Ethanol, Inc. PEIX 0001321936 Jones William L 400 CAPITOL MALL, #2060 SACRAMENTO, CA 95814 1 0 0 0 Common Stock 2010-11-18 4 S 0 600 .74 D 598099 D Common Stock 2010-11-18 4 S 0 1000 .7402 D 597099 D Common Stock 2010-11-18 4 S 0 500 .7403 D 596599 D Common Stock 2010-11-18 4 S 0 500 .7405 D 596099 D Common Stock 2010-11-18 4 S 0 500 .7408 D 595599 D Common Stock 2010-11-18 4 S 0 500 .741 D 595099 D Common Stock 2010-11-18 4 S 0 400 .7413 D 594699 D Common Stock 2010-11-18 4 S 0 1300 .7416 D 593399 D Common Stock 2010-11-18 4 S 0 1200 .7419 D 592199 D Common Stock 2010-11-18 4 S 0 700 .742 D 591499 D Common Stock 2010-11-18 4 S 0 300 .7421 D 591199 D Common Stock 2010-11-18 4 S 0 1300 .7422 D 589899 D Common Stock 2010-11-18 4 S 0 200 .743 D 589699 D Common Stock 2010-11-18 4 S 0 1500 .7431 D 588199 D Common Stock 2010-11-18 4 S 0 2100 .7432 D 586099 D Common Stock 2010-11-18 4 S 0 400 .7438 D 585699 D Common Stock 2010-11-18 4 S 0 300 .744 D 585399 D Common Stock 2010-11-18 4 S 0 1400 .7441 D 583999 D Common Stock 2010-11-18 4 S 0 100 .7444 D 583899 D Common Stock 2010-11-18 4 S 0 100 .7447 D 583799 D Common Stock 2010-11-18 4 S 0 120 .7448 D 583679 D Common Stock 2010-11-18 4 S 0 400 .7449 D 583279 D Common Stock 2010-11-18 4 S 0 3800 .745 D 579479 D Common Stock 2010-11-18 4 S 0 600 .7451 D 578879 D Common Stock 2010-11-18 4 S 0 700 .7454 D 578179 D Common Stock 2010-11-18 4 S 0 300 .7456 D 577879 D Common Stock 2010-11-18 4 S 0 200 .7457 D 577679 D Common Stock 2010-11-18 4 S 0 600 .7458 D 577079 D Common Stock 2010-11-18 4 S 0 1600 .746 D 575479 D Common Stock 2010-11-18 4 S 0 100 .7463 D 575379 D This is Part 1 of 4. There were more than 30 transactions to report. /s/ William L. Jones 2010-11-18