0001012975-17-000193.txt : 20170303 0001012975-17-000193.hdr.sgml : 20170303 20170303171122 ACCESSION NUMBER: 0001012975-17-000193 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170301 FILED AS OF DATE: 20170303 DATE AS OF CHANGE: 20170303 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: Candlewood Special Situations Master Fund, Ltd. CENTRAL INDEX KEY: 0001663661 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-21467 FILM NUMBER: 17665106 BUSINESS ADDRESS: STREET 1: 555 THEODORE FREMD AVE., SUITE C-303 CITY: RYE STATE: NY ZIP: 10580 BUSINESS PHONE: 2124934495 MAIL ADDRESS: STREET 1: 555 THEODORE FREMD AVE., SUITE C-303 CITY: RYE STATE: NY ZIP: 10580 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Candlewood Investment Group General, LLC CENTRAL INDEX KEY: 0001663660 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-21467 FILM NUMBER: 17665107 BUSINESS ADDRESS: STREET 1: 555 THEODORE FREMD AVE. SUITE C-303 CITY: RYE STATE: NY ZIP: 10580 BUSINESS PHONE: 212-493-4495 MAIL ADDRESS: STREET 1: 555 THEODORE FREMD AVE. SUITE C-303 CITY: RYE STATE: NY ZIP: 10580 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Candlewood Special Situations General, LLC CENTRAL INDEX KEY: 0001663659 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-21467 FILM NUMBER: 17665108 BUSINESS ADDRESS: STREET 1: 555 THEODORE FREMD AVE., SUITE C-303 CITY: RYE STATE: NY ZIP: 10580 BUSINESS PHONE: 212-493-4495 MAIL ADDRESS: STREET 1: 555 THEODORE FREMD AVE., SUITE C-303 CITY: RYE STATE: NY ZIP: 10580 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Candlewood Investment Group, LP CENTRAL INDEX KEY: 0001531741 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-21467 FILM NUMBER: 17665109 BUSINESS ADDRESS: STREET 1: 555 THEODORE FREMD AVE STREET 2: SUITE C-303 CITY: RYE STATE: NY ZIP: 10580 BUSINESS PHONE: 212-493-4495 MAIL ADDRESS: STREET 1: 555 THEODORE FREMD AVE STREET 2: SUITE C-303 CITY: RYE STATE: NY ZIP: 10580 4 1 edgar.xml PRIMARY DOCUMENT X0306 4 2017-03-01 0000778164 Pacific Ethanol, Inc. PEIX 0001531741 Candlewood Investment Group, LP 555 THEODORE FREMD AVE SUITE C-303 RYE NY 10580 0 0 1 0 0001663659 Candlewood Special Situations General, LLC 555 THEODORE FREMD AVE SUITE C-303 RYE NY 10580 0 0 1 0 0001663660 Candlewood Investment Group General, LLC 555 THEODORE FREMD AVE SUITE C-303 RYE NY 10580 0 0 1 0 0001663661 Candlewood Special Situations Master Fund, Ltd. 555 THEODORE FREMD AVE SUITE C-303 RYE NY 10580 0 0 1 0 Common Stock 2017-03-01 4 J 0 2007792 D 58784 I See Footnote Common Stock 2017-03-01 4 J 0 118935 D 0 I See Footnote Common Stock 2017-03-01 4 J 0 29734 D 0 I See Footnote Common Stock 3987194 I See Footnote Common Stock 900177 I See Footnote Common Stock 77292 I See Footnote Non-Voting Common Stock 2017-03-01 4 J 0 1312160 D Common Stock 1312160 38417 I See Footnote Non-Voting Common Stock 2017-03-01 4 J 0 115376 D Common Stock 115376 0 I See Footnote Non-Voting Common Stock 2017-03-01 4 J 0 28844 D Common Stock 28844 0 I See Footnote Non-Voting Common Stock Common Stock 1797147 1797147 I See Footnote Non-Voting Common Stock Common Stock 201226 201226 I See Footnote Non-Voting Common Stock Common Stock 46298 46298 I See Footnote On March 1, 2017, three private investment funds for which Candlewood Investment Group, LP serves as investment manager (the "Investment Manager") each distributed the Issuer's securities to its investors as part of a pro rata distribution. The securities are directly held by a private investment fund for which (i) the Investment Manager serves as the investment manager and (ii) Candlewood Special Situations General, LLC (the "Fund GP") serves as the general partner. Candlewood Investment Group General, LLC (the "Manager GP") serves as the general partner of the Investment Manager. Each of the Reporting Persons disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest. The securities are directly held by a private investment fund for which the Investment Manager controls the investment manager advising such fund. The Manager GP serves as the general partner of the Investment Manager. Each of the Reporting Persons disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest. The securities are directly held by Candlewood Special Situations Master Fund, Ltd. (the "Special Situations Fund"). The Investment Manager serves as the investment manager to the Special Situations Fund, and the Fund GP serves as the general partner of the Special Situations Fund. The Manager GP serves as the general partner of the Investment Manager. Each of the Reporting Persons, other than the Special Situations Fund, disclaims beneficial ownership of the reported securities except to the extent of its pecuniary interest. The Non-Voting Common Stock are convertible on a one-for-one basis into Common Stock. However, the holder cannot convert the securities if it and any of its affiliates would, after such conversion, beneficially own greater than 9.99% of the Common Stock. The beneficial ownership of the Common Stock by the holder and its affiliates currently exceeds 9.99%, and accordingly, it cannot currently convert any of the Non-Voting Common Stock. The right to convert Non-Voting Common Stock into Common Stock does not expire. Candlewood Investment Group, LP, By: /s/ Janet Miller, its Chief Operating Officer and General Counsel 2017-03-03 Candlewood Special Situations General, LLC, By: /s/ Michael Lau, its Class A Member 2017-03-03 Candlewood Investment Group General, LLC, By: /s/ Michael Lau, its Manager 2017-03-03 Candlewood Special Situations Master Fund, Ltd., By: /s/ David Koenig, its Portfolio Manager 2017-03-03