SEC Info - Iroquois Capital Management, LLC, et al. - ‘SC 13G’ on 10/9/12 re: Pacific Ethanol, Inc.

SEC Info℠

Home

Help

Please Sign In

Iroquois Capital Management, LLC, et al. – ‘SC 13G’ on 10/9/12 re: Pacific Ethanol, Inc.

On: Tuesday, 10/9/12, at 12:22pm ET · Accession #: 1193125-12-418182 · File #: 5-51517

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

10/09/12  Iroquois Capital Management, LLC  SC 13G                 2:82K  Pacific Ethanol, Inc.             RR Donnelley/FA
          Joshua Silverman
          Richard Abbe

Statement of Beneficial Ownership — Schedule 13G
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13G      Statement of Beneficial Ownership                   HTML     55K 
 2: EX-99.1     Joint Filing Agreement                              HTML      7K

SC 13G — Statement of Beneficial Ownership

This is an HTML Document rendered as filed. [ Alternative Formats ]

Schedule 13G


CUSIP No. 69423U107		Schedule 13G		Page 1 of 9 Pages

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. )*

PACIFIC ETHANOL, INC.

(Name of Issuer)

COMMON STOCK, PAR VALUE $0.001 PER SHARE

(Title of Class of Securities)

69423U107

(CUSIP Number)

October 4, 2012

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

x Rule 13d-1(b)

¨ Rule 13d-1(c)

¨ Rule 13d-1(d)

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act, but shall be subject to all other provisions of the Act (however, see the Notes).


CUSIP No. 69423U107		Schedule 13G		Page 2 of 9 Pages


1.	Names of Reporting Persons Iroquois Capital Management L.L.C.
2.	Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) ¨
3.	SEC Use Only
4.	Citizenship or Place of Organization Delaware
Number of Shares Beneficially Owned by Each Reporting Person With		5.	Sole Voting Power 0
		6.	Shared Voting Power 12,500,000
		7.	Sole Dispositive Power 0
		8.	Shared Dispositive Power 12,500,000
9.	Aggregate Amount Beneficially Owned by Each Reporting Person 12,500,000 (see item 4)
10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨
11.	Percent of Class Represented by Amount in Row 9 8.6%
12.	Type of Reporting Person (See Instructions) OO


CUSIP No. 69423U107		Schedule 13G		Page 3 of 9 Pages


1.	Names of Reporting Persons Joshua Silverman
2.	Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) ¨
3.	SEC Use Only
4.	Citizenship or Place of Organization United States of America
Number of Shares Beneficially Owned by Each Reporting Person With		5.	Sole Voting Power 0
		6.	Shared Voting Power 12,500,000
		7.	Sole Dispositive Power 0
		8.	Shared Dispositive Power 12,500,000
9.	Aggregate Amount Beneficially Owned by Each Reporting Person 12,500,000
10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨
11.	Percent of Class Represented by Amount in Row 9 8.6%
12.	Type of Reporting Person (See Instructions) IN; HC


CUSIP No. 69423U107		Schedule 13G		Page 4 of 9 Pages


1.	Names of Reporting Persons Richard Abbe
2.	Check the Appropriate Box if a Member of a Group (See Instructions) (a) ¨ (b) ¨
3.	SEC Use Only
4.	Citizenship or Place of Organization United States of America
Number of Shares Beneficially Owned by Each Reporting Person With		5.	Sole Voting Power 0
		6.	Shared Voting Power 12,500,000
		7.	Sole Dispositive Power 0
		8.	Shared Dispositive Power 12,500,000
9.	Aggregate Amount Beneficially Owned by Each Reporting Person 12,500,000 (see item 4)
10.	Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) ¨
11.	Percent of Class Represented by Amount in Row 9 8.6%
12.	Type of Reporting Person (See Instructions) IN; HC


CUSIP No. 69423U107		Schedule 13G		Page 5 of 9 Pages


Item 1.

	(a)	Name of Issuer:

		Pacific Ethanol, Inc.

	(b)	Address of Issuer’s Principal Executive Offices:

		400 Capitol Mall, Suite 2060, Sacramento, CA, 95814

Item 2.

	(a)	Name of Person Filing:


	(b)	Address of Principal Business Office or, if None, Residence:


	(c)	Citizenship:

		This Schedule 13G is being filed on behalf of (i) Iroquois Capital Management L.L.C., a Delaware limited liability company (“Iroquois”), (ii) Joshua Silverman, an individual who is a citizen of the United States of America (“Mr. Silverman”) and (iii) Richard Abbe, an individual who is a citizen of the United States of America (“Mr. Abbe,” together with Iroquois and Mr. Silverman, the “Reporting Persons”). The Reporting Persons have entered into a Joint Filing Agreement, a copy of which is filed with this Schedule 13G as Exhibit 1, pursuant to which the Reporting Persons have agreed to file this Schedule 13G jointly in accordance with the provisions of Rule 13d-1(k) of the Securities Exchange Act of 1934, as amended. The principal business office of all of the Reporting Persons is 641 Lexington Avenue, 26th Floor, New York, New York 10022.

	(d)	Title of Class of Securities:

		Common Stock, par value $0.001 per share

	(e)	CUSIP Number:

		69423U107

Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:

	Not applicable.

	(a)	¨	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

	(b)	¨	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);


CUSIP No. 69423U107		Schedule 13G		Page 6 of 9 Pages



	(c)	¨	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

	(d)	¨	Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

	(e)	x	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

	(f)	¨	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

	(g)	¨	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

	(h)	¨	A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

	(i)	¨	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act (15 U.S.C. 80a-3);

	(j)	¨	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J);

	(k)	¨	Group, in accordance with § 240.13d-1(b)(1)(ii)(K).

	If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

Item 4.	Ownership

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

	(a) and (b)

As of the date hereof, each of the Reporting Persons may be deemed to be the beneficial owner of 12,500,000 shares of Common Stock held by Iroquois Master Fund Ltd. (“Iroquois Master Fund”), which represent beneficial ownership of approximately 8.6% of the Common Stock, and all such shares of Common Stock represent beneficial ownership of approximately 8.6% of the Common Stock, based on 144,660,897 shares of Common Stock issued and outstanding. The Company’s Prospectus Supplement (to Prospectus dated May 17, 2012, Registration No. 333-180731), filed on September 21, 2012 indicates there were 144,660,897 Shares outstanding as of the completion of the offering of the Shares to the Reporting Persons. The foregoing excludes 15,335,250 shares of Common Stock issuable upon exercise of a warrant issued to Iroquois Master Fund Ltd. (the “Warrant”) because the Warrant contains a blocker provision under which the holder thereof does not have the right to exercise the Warrant to the extent (but only to the extent) that such exercise would result in beneficial ownership by the holder thereof or any of its affiliates, of more than 4.9% of the Common Stock. Without such blocker provision (and assuming the Warrant is currently exercisable), each of the Reporting Persons may be deemed to have beneficial ownership of 27,835,256 shares of Common Stock.


CUSIP No. 69423U107		Schedule 13G		Page 7 of 9 Pages

(c)

Number of shares as to which each Reporting Person has:

(i) Sole power to vote or to direct the vote: 0

(ii) Shared power to vote or to direct the vote: 12,500,000

(iii) Sole power to dispose or to direct the disposition of: 0

(iv) Shared power to dispose or to direct the disposition of: 12,500,000.

Item 5.

Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following ¨.

Item 6.

Ownership of More than Five Percent on Behalf of Another Person

Not applicable.

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person

Not applicable.

Item 8.

Identification and Classification of Members of the Group

See Exhibit 2.

Item 9.

Notice of Dissolution of Group

Not applicable.

Item 10.

Certification

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.


CUSIP No. 69423U107		Schedule 13G		Page 8 of 9 Pages

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Date: October 9, 2012


IROQUOIS CAPITAL MANAGEMENT L.L.C.

By:		/s/ *Joshua Silverman*
		Joshua Silverman, Authorized Signatory

		/s/ *Joshua Silverman*
		Joshua Silverman

		/s/ *Richard Abbe*
		Richard Abbe


CUSIP No. 69423U107		Schedule 13G		Page 9 of 9 Pages

EXHIBIT INDEX


Exhibit 1		Joint Filing Agreement as required by Rule 13d-1(k)(1) under the Securities Exchange Act of 1934, as amended.

Dates Referenced Herein and Documents Incorporated by Reference

This ‘SC 13G’ Filing	Date	Other Filings

Filed on:	10/9/12
	10/4/12	PRE 14A
	9/21/12	424B5, 8-K, FWP
	5/17/12
		List all Filings

↑Top

Filing Submission 0001193125-12-418182 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Iroquois Capital Management, LLC, et al. – ‘SC 13G’ on 10/9/12 re: Pacific Ethanol, Inc.

On: Tuesday, 10/9/12, at 12:22pm ET · Accession #: 1193125-12-418182 · File #: 5-51517

Previous ‘SC 13G’: ‘SC 13G/A’ on 2/14/12 · Next: ‘SC 13G/A’ on 2/12/13 · Latest: ‘SC 13G’ on 2/15/24

Statement of Beneficial Ownership — Schedule 13GFiling Table of Contents

SC 13G — Statement of Beneficial Ownership

This is an HTML Document rendered as filed. [ Alternative Formats ]

Dates Referenced Herein and Documents Incorporated by Reference

Statement of Beneficial Ownership — Schedule 13G
Filing Table of Contents