X0202 4 2008-01-28 0 0000893813 PENN OCTANE CORP POCC 0001221009 RABEN BRUCE I 9601 WILSHIRE BLVD., PENTHOUSE BEVERLY HILLS CA 90210 1 0 0 0 Common Stock 167900 D Common Stock 31000 I By Raben Education Trust Common Stock 500 I AS UTMA Custodian for T. Raben Common Stock 500 I As UGMA Custodian for R. Raben Common Stock 500 I As UGMA Custodian for L. Lappe Purchase Warrants .51 2007-02-13 2012-02-12 Common Stock 30000 30000 D Purchase Warrants 2.35 2008-01-28 4 A 0 45000 0 A 2008-01-28 2013-01-27 Common Stock 45000 45000 D Includes 50,000 shares received as a pro-rata distribution from BRPL Holdings LLC. In prior reports, the reporting person reported beneficial ownership of 100,000 shares of common stock held by BRPL Holdings LLC. These securities are held in a trust for the benefit of the reporting person's children. The reporting person is trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the inclusion of these securities in this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose. The reporting person disclaims beneficial ownership of these securities, and the inclusion of these securities in this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Secton 16 or for any other purpose. Bruce I. Raben 2008-01-30