AEMETIS, INC — Director's Dealing 2010

Jan 25, 2010

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: AE Biofuels, Inc. (AEBF)
CIK: 0000738214
Period of Report: 2009-10-09

Reporting Person: Gupta Sanjeev (Executive Vice President)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	200000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Option	$3.00	2012-11-26	Common Stock (60000)		Direct
Stock Option	$3.70	2013-06-16	Common Stock (40000)		Direct
Stock Option	$.16	2014-05-20	Common Stock (500000)		Direct

Footnotes

F1: 5,000 vest every quarter from grant date; 1/12th over three years.

F2: 1/12th vest every three months from grant date.

F3: 50% at grant date; 1/24th vest every three months thereafter.