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