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Filing Details

Accession Number:: 0001179110-11-009599
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2011-06-14 17:39:12
Reporting Period:: 2011-06-13

Filing Date:: 2011-06-14
Accepted Time:: 2011-06-14 17:39:12
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
893813	Penn Octane Corp	POCC	Wholesale-Petroleum & Petroleum Products (No Bulk Stations) (5172)	521790357

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1326580	J Nicholas Singer	650 Madison Avenue 23Rd Floor New York NY 10022	Yes	No	No	No
1409888	L.p. General Standard	650 Madison Avenue 23Rd Floor New York NY 10022	No	No	No	Yes
1418202	Soohyung Kim	650 Madison Avenue 23Rd Floor New York NY 10022	No	No	No	Yes
1418203	L.p. Fund Master General Standard	Walkers Spv Limited Walker House Marty Street Georgetown E9 ky1-1002	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	Acquisiton	2011-06-13	2,100,000	$0.07	7,812,195	No	4	P	Indirect	See Footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Indirect	See Footnotes

Footnotes

The shares of Common Stock, par value $0.01 per share, of the Issuer reported herein (the "Shares") are held directly by Standard General Master Fund L.P., a Cayman Islands exempted limited partnership ("Standard General Master Fund"). Standard General L.P., a Delaware limited partnership ("Standard General"), serves as the investment manager of Standard General Master Fund and pursuant to an investment management agreement has all investment and voting power with respect to the securities held by Standard General Master Fund. Mr. Soohyung Kim ("Mr. Kim") and Mr. Nicholas J. Singer ("Mr. Singer") have controlling interests in Standard General S Corp., a Delaware corporation, which is the general partner of Standard General Holdings, L.P., a Delaware limited partnership, which is in turn the general partner of Standard General. (continued on next footnote)
(continued from prior footnote) In addition, Mr. Kim and Mr. Singer serve as co-managing members of Standard General Management LLC, a Delaware limited liability company, which is the managing member of Standard General GP LLC, a Delaware limited liability company, which is in turn the general partner of Standard General Master Fund. Standard General, Mr. Kim and Mr. Singer (Standard General, Mr. Kim and Mr. Singer, together with Standard General Master Fund, the "Reporting Persons") may be deemed to beneficially own the Shares by virtue of the foregoing relationships. In accordance with instruction 4(b)(iv), the entire number of the securities that may be deemed to be beneficially owned by the Reporting Persons is reported herein. Each of the Reporting Persons hereby disclaims beneficial ownership of the reported securities for purposes of Section 16 of the Securities Exchange Act of 1934 except to the extent of his or its pecuniary interest therein.