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Filing Details

Accession Number:: 0001012975-17-000191
Form Type:: 4/A
Zero Holdings:: No
Publication Time:: 2017-03-03 15:38:00
Reporting Period:: 2016-12-12

Filing Date:: 2017-03-03
Accepted Time:: 2017-03-03 15:38:00
Original Submission Date:: 2016-12-14
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
778164	Pacific Ethanol Inc.	PEIX	Industrial Organic Chemicals (2860)	412170618

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1531741	Candlewood Investment Group, Lp	555 Theodore Fremd Ave Suite C-303 Rye NY 10580	No	No	Yes	No
1663659	Candlewood Special Situations General, Llc	555 Theodore Fremd Ave Suite C-303 Rye NY 10580	No	No	Yes	No
1663660	Candlewood Investment Group General, Llc	555 Theodore Fremd Ave Suite C-303 Rye NY 10580	No	No	Yes	No
1663661	Candlewood Special Situations Master Fund, Ltd.	555 Theodore Fremd Ave Suite C-303 Rye NY 10580	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2016-12-12	1,720,417	$9.33	4,063,342	No	4	S	Indirect	See Footnote
Common Stock	Disposition	2016-12-12	1,016,352	$9.33	2,111,561	No	4	S	Indirect	See Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote

Footnotes

The securities are directly held by Candlewood Special Situations Master Fund, Ltd. (the "Special Situations Fund"). Candlewood Investment Group, LP (the "Investment Manager") serves as the investment manager to the Special Situations Fund, and Candlewood Special Situations General, LLC (the "Fund GP") serves as the general partner of the Special Situations Fund. Candlewood Investment Group General, LLC (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 securities are directly held by a private investment fund for which (i) the Investment Manager serves as the investment manager and (ii) the Fund GP serves as the general partner. 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.
This amendment is being filed to correct the amount of shares sold. As a result of a clerical error in the total number of shares reported, the original Form 4 inadvertently reported 1,737,390 (instead of 1,720,417) and 1,026,379 (instead of 1,016,352) shares sold by the Special Situations Fund and a private investment fund as described in footnote 2 (the "Private Fund"), respectively. After giving effect to all transactions on December 12, 2016, the Special Situations Fund and the Private Fund beneficially owned 3,987,194 and 2,066,576 shares, respectively.