<SEC-DOCUMENT>0001012975-17-000193.txt : 20170303
<SEC-HEADER>0001012975-17-000193.hdr.sgml : 20170303
<ACCEPTANCE-DATETIME>20170303171122
ACCESSION NUMBER:		0001012975-17-000193
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20170301
FILED AS OF DATE:		20170303
DATE AS OF CHANGE:		20170303

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:			Candlewood Special Situations Master Fund, Ltd.
		CENTRAL INDEX KEY:			0001663661

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-21467
		FILM NUMBER:		17665106

	BUSINESS ADDRESS:	
		STREET 1:		555 THEODORE FREMD AVE., SUITE C-303
		CITY:			RYE
		STATE:			NY
		ZIP:			10580
		BUSINESS PHONE:		2124934495

	MAIL ADDRESS:	
		STREET 1:		555 THEODORE FREMD AVE., SUITE C-303
		CITY:			RYE
		STATE:			NY
		ZIP:			10580

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Candlewood Investment Group General, LLC
		CENTRAL INDEX KEY:			0001663660

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-21467
		FILM NUMBER:		17665107

	BUSINESS ADDRESS:	
		STREET 1:		555 THEODORE FREMD AVE. SUITE C-303
		CITY:			RYE
		STATE:			NY
		ZIP:			10580
		BUSINESS PHONE:		212-493-4495

	MAIL ADDRESS:	
		STREET 1:		555 THEODORE FREMD AVE. SUITE C-303
		CITY:			RYE
		STATE:			NY
		ZIP:			10580

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Candlewood Special Situations General, LLC
		CENTRAL INDEX KEY:			0001663659

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-21467
		FILM NUMBER:		17665108

	BUSINESS ADDRESS:	
		STREET 1:		555 THEODORE FREMD AVE., SUITE C-303
		CITY:			RYE
		STATE:			NY
		ZIP:			10580
		BUSINESS PHONE:		212-493-4495

	MAIL ADDRESS:	
		STREET 1:		555 THEODORE FREMD AVE., SUITE C-303
		CITY:			RYE
		STATE:			NY
		ZIP:			10580

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Candlewood Investment Group, LP
		CENTRAL INDEX KEY:			0001531741
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-21467
		FILM NUMBER:		17665109

	BUSINESS ADDRESS:	
		STREET 1:		555 THEODORE FREMD AVE
		STREET 2:		SUITE C-303
		CITY:			RYE
		STATE:			NY
		ZIP:			10580
		BUSINESS PHONE:		212-493-4495

	MAIL ADDRESS:	
		STREET 1:		555 THEODORE FREMD AVE
		STREET 2:		SUITE C-303
		CITY:			RYE
		STATE:			NY
		ZIP:			10580
</SEC-HEADER>
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            <rptOwnerStreet2>SUITE C-303</rptOwnerStreet2>
            <rptOwnerCity>RYE</rptOwnerCity>
            <rptOwnerState>NY</rptOwnerState>
            <rptOwnerZipCode>10580</rptOwnerZipCode>
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                    <value>46298</value>
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                    <value>46298</value>
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                <directOrIndirectOwnership>
                    <value>I</value>
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    <footnotes>
        <footnote id="F1">On March 1, 2017, three private investment funds for which Candlewood Investment Group, LP serves as investment manager (the &quot;Investment Manager&quot;) each distributed the Issuer's securities to its investors as part of a pro rata distribution.</footnote>
        <footnote id="F2">The securities are directly held by a private investment fund for which (i) the Investment Manager serves as the investment manager and (ii) Candlewood Special Situations General, LLC (the &quot;Fund GP&quot;) serves as the general partner.  Candlewood Investment Group General, LLC (the &quot;Manager GP&quot;) 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.</footnote>
        <footnote id="F3">The securities are directly held by a private investment fund for which the Investment Manager controls the investment manager advising such fund.  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.</footnote>
        <footnote id="F4">The securities are directly held by Candlewood Special Situations Master Fund, Ltd. (the &quot;Special Situations Fund&quot;).  The Investment Manager serves as the investment manager to the Special Situations Fund, and the Fund GP serves as the general partner of the Special Situations Fund.  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.</footnote>
        <footnote id="F5">The Non-Voting Common Stock are convertible on a one-for-one basis into Common Stock.  However, the holder cannot convert the securities if it and any of its affiliates would, after such conversion, beneficially own greater than 9.99% of the Common Stock.  The beneficial ownership of the Common Stock by the holder and its affiliates currently exceeds 9.99%, and accordingly, it cannot currently convert any of the Non-Voting Common Stock.  The right to convert Non-Voting Common Stock into Common Stock does not expire.</footnote>
    </footnotes>

    <remarks></remarks>

    <ownerSignature>
        <signatureName>Candlewood Investment Group, LP, By: /s/ Janet Miller, its Chief Operating Officer and General Counsel</signatureName>
        <signatureDate>2017-03-03</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Candlewood Special Situations General, LLC, By: /s/ Michael Lau, its Class A Member</signatureName>
        <signatureDate>2017-03-03</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Candlewood Investment Group General, LLC, By: /s/ Michael Lau, its Manager</signatureName>
        <signatureDate>2017-03-03</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Candlewood Special Situations Master Fund, Ltd., By: /s/ David Koenig, its Portfolio Manager</signatureName>
        <signatureDate>2017-03-03</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
