0001019687-14-001181.txt : 20140401 0001019687-14-001181.hdr.sgml : 20140401 20140401164108 ACCESSION NUMBER: 0001019687-14-001181 CONFORMED SUBMISSION TYPE: 3 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20140327 FILED AS OF DATE: 20140401 DATE AS OF CHANGE: 20140401 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: Koehler Paul CENTRAL INDEX KEY: 0001397931 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 000-21467 FILM NUMBER: 14734797 MAIL ADDRESS: STREET 1: C/O TOWERSTREAM CORPORATION STREET 2: 55 HAMMARLUND WAY CITY: MIDDLETOWN STATE: RI ZIP: 02842 3 1 koehler_f3-032814.xml FORM 3 X0206 3 2014-03-27 0 0000778164 Pacific Ethanol, Inc. PEIX 0001397931 Koehler Paul 400 CAPITOL MALL, SUITE 2060 SACRAMENTO CA 95814 0 1 0 0 VP of Corporate Development Common Stock 32525 D Series B Cumulative Convertible Preferred Stock Common Stock 8486 D Common Stock Warrant (Right to Buy) 735 2008-11-23 2018-05-22 Common Stock 184 D Common Stock Option (Right ot Buy) 12.90 2021-08-01 Common Stock 798 D Common Stock Option (Right to Buy) 3.74 2023-06-24 Common Stock 10204 D On May 22, 2008, Paul P. Koehler, acquired 12,820 shares of the issuer's Series B Cumulative Convertible Preferred Stock (the "Series B Preferred Stock") and a Warrant to purchase 184 shares of the issuer's Common Stock for an aggregate purchase price of $250,000. Each share of Series B Preferred Stock is convertible at Mr. Koehler's 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 Preferred Stock is currently $29.46, but is subject to certain anti-dilution adjustments as set forth in the Certificate of Designations, Powers, Preferences and Rights of the Series B Preferred Stock (the "Certificate of Designations"); provided, that the anti-dilution adjustments set forth in the Certificate of Designations are subject to certain limitations as set forth in a related Securities Purchase Agreement. Using the current conversion price, Mr. Koehler's 12,820 shares of Series B Preferred Stock are convertible into 8,486 shares of the issuer's Common Stock. Mr. Koehler's right to convert the Series B Preferred Stock does not expire. The Series B Preferred Stock shall, upon the occurrence of certain events, automatically convert into Common Stock pursuant to the terms of the Certificate of Designations. The option vested 33%, 33% and 34% on April 1, 2012, 2013 and 2014, respectively. The option vests 33%, 33% and 34% on April 1, 2014, 2015 and 2016, respectively. /s/ Paul P. Koehler 2014-04-01