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 0 200 .7466 D 575179 D Common Stock 2010-11-18 4 S 0 100 .7467 D 575079 D Common Stock 2010-11-18 4 S 0 300 .7469 D 574779 D Common Stock 2010-11-18 4 S 0 600 .747 D 574179 D Common Stock 2010-11-18 4 S 0 500 .7472 D 573679 D Common Stock 2010-11-18 4 S 0 400 .7474 D 573279 D Common Stock 2010-11-18 4 S 0 200 .7476 D 573079 D Common Stock 2010-11-18 4 S 0 900 .7477 D 572179 D Common Stock 2010-11-18 4 S 0 300 .7478 D 571879 D Common Stock 2010-11-18 4 S 0 200 .7479 D 571679 D Common Stock 2010-11-18 4 S 0 400 .7482 D 571279 D Common Stock 2010-11-18 4 S 0 100 .749 D 571179 D Common Stock 2010-11-18 4 S 0 3800 .75 D 567379 D Common Stock 2010-11-18 4 S 0 600 .7501 D 566779 D Common Stock 2010-11-18 4 S 0 400 .7502 D 566379 D Common Stock 2010-11-18 4 S 0 600 .751 D 565779 D Common Stock 2010-11-18 4 S 0 100 .7512 D 565679 D Common Stock 2010-11-18 4 S 0 300 .7513 D 565379 D Common Stock 2010-11-18 4 S 0 100 .7515 D 565279 D Common Stock 2010-11-18 4 S 0 600 .7516 D 564679 D Common Stock 2010-11-18 4 S 0 100 .7518 D 564579 D Common Stock 2010-11-18 4 S 0 1900 .752 D 562679 D Common Stock 2010-11-18 4 S 0 200 .753 D 562479 D Common Stock 2010-11-18 4 S 0 200 .7538 D 562279 D Common Stock 2010-11-18 4 S 0 500 .7539 D 561779 D Common Stock 2010-11-18 4 S 0 600 .754 D 561179 D Common Stock 2010-11-18 4 S 0 300 .7548 D 560879 D Common Stock 2010-11-18 4 S 0 720 .7549 D 560159 D Common Stock 2010-11-18 4 S 0 600 .755 D 559559 D Common Stock 2010-11-18 4 S 0 300 .7554 D 559259 D This is Part 2 of 4. There were more than 30 transactions to report. /s/ William L. Jones 2010-11-18