Clean Energy Fuels Corp. — Director's Dealing 2010

Mar 12, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Clean Energy Fuels Corp. (CLNE)
CIK: 0001368265
Period of Report: 2010-03-11

Reporting Person: MILLER JAMES C III (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-11	Common Stock	M	60000	$12.00	Acquired	60100	Direct
2010-03-11	Common Stock	S	60000	$20.00	Disposed	100	Direct
2010-03-11	Common Stock	M	16750	$15.27	Acquired	16850	Direct
2010-03-11	Common Stock	S	16750	$20.00	Disposed	100	Direct
2010-03-11	Common Stock	M	8832	$5.09	Acquired	8932	Direct
2010-03-11	Common Stock	S	8832	$20.00	Disposed	100	Direct
2010-03-11	Common Stock	M	6677	$6.33	Acquired	6777	Direct
2010-03-11	Common Stock	S	6677	$20.00	Disposed	100	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-03-11	Stock Option (Right to Buy)	$12.00	M	60000	Disposed	2017-05-23	Common Stock (60000)	Direct
2010-03-11	Stock Option (Right to Buy)	$15.27	M	16750	Disposed	2017-12-12	Common Stock (16750)	Direct
2010-03-11	Stock Option (Right to Buy)	$5.09	M	8832	Disposed	2018-12-09	Common Stock (8832)	Direct
2010-03-11	Stock Option (Right to Buy)	$6.33	M	6677	Disposed	2019-01-01	Common Stock (6667)	Direct

Footnotes

F1: The sales reported in this Form 4 were effected pursuant to Rule 10b5-1 trading plan adopted by the reporting person on September 14, 2009.

F2: All options are exercisable.

F3: The stock option was granted to the reporting person under the Issuer's Amended & Restated 2006 Equity Incentive Plan. The option vest as to 34% of the total shares subject to the option upon the first anniversary of the date of grant, and 33% on each anniversary thereafter until the option is fully vested.