-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Fp8nQES/bx0kgP83/ADt9P8Om6ijqINilmSetN9khq/SWfCKlY9bpWRgb8ilYd5R PrCz51MT/ZsefkDpi8xrIQ== 0000906344-08-000394.txt : 20080403 0000906344-08-000394.hdr.sgml : 20080403 20080403152941 ACCESSION NUMBER: 0000906344-08-000394 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20080327 FILED AS OF DATE: 20080403 DATE AS OF CHANGE: 20080403 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Pacific Ethanol, Inc. CENTRAL INDEX KEY: 0000778164 STANDARD INDUSTRIAL CLASSIFICATION: INDUSTRIAL ORGANIC CHEMICALS [2860] IRS NUMBER: 412170618 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 400 CAPITOL MALL, SUITE 2060 CITY: SACRAMENTO STATE: CA ZIP: 95814 BUSINESS PHONE: 916-403-2123 MAIL ADDRESS: STREET 1: 400 CAPITOL MALL, SUITE 2060 CITY: SACRAMENTO STATE: CA ZIP: 95814 FORMER COMPANY: FORMER CONFORMED NAME: ACCESSITY CORP DATE OF NAME CHANGE: 20030627 FORMER COMPANY: FORMER CONFORMED NAME: DRIVERSSHIELD COM CORP DATE OF NAME CHANGE: 20001115 FORMER COMPANY: FORMER CONFORMED NAME: FIRST PRIORITY GROUP INC DATE OF NAME CHANGE: 19920703 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Lyles United, LLC CENTRAL INDEX KEY: 0001428534 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 000-21467 FILM NUMBER: 08737367 BUSINESS ADDRESS: STREET 1: 1210 W. OLIVE STREET CITY: FRESNO STATE: CA ZIP: 92728 BUSINESS PHONE: 559 441 1900 MAIL ADDRESS: STREET 1: 1210 W. OLIVE STREET CITY: FRESNO STATE: CA ZIP: 92728 3 1 edgar.xml PRIMARY DOCUMENT X0202 3 2008-03-27 0 0000778164 Pacific Ethanol, Inc. PEIX 0001428534 Lyles United, LLC 1210 W. OLIVE STREET FRESNO CA 92728 0 0 1 0 Common Stock 6000 D Series B Cumulative Convertible Preferred Stock 6.50 Common Stock 6153846 D Warrant to purchase Common Stock 7.00 2008-09-28 2018-03-27 Common Stock 3076923 D Warrant to purchase Common Stock 8.00 2008-03-27 2009-09-27 Common Stock 100000 D On March 27, 2008, Lyles United, LLC ("Lyles") acquired 2,051,282 shares of the issuer's Series B Cumulative Convertible Preferred Stock (the "Series B Stock") at a price equal to $19.50 per share. Each share of Series B Stock is convertible at Lyles' option into that number of shares of the issuer's Common Stock equal to: (i) $19.50, divided by (ii) the conversion price in effect at the time of conversion. The conversion price of the Series B Stock is currently fixed at $6.50, but is subject to certain anti-dilution adjustments as set forth in the Certificate of Designations, Powers, Preferences and Rights of the Series B Stock (the "Certificate of Designations"). Using the current conversion price, Lyles' 2,051,282 shares of Series B Stock are convertible into 6,153,846 shares of the issuer's Common Stock. Lyles' right to convert the Series B Stock does not expire. The Series B Stock shall, upon the occurence of certain events, automatically convert into Common Stock pursuant to the terms of the Certificate of Designations. /s/ William M. Lyles, IV, Vice President 2008-04-03 -----END PRIVACY-ENHANCED MESSAGE-----