Green Plains Inc. — Director's Dealing 2010

May 28, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Green Plains Renewable Energy, Inc. (GPRE)
CIK: 0001309402
Period of Report: 2010-05-26

Reporting Person: Peterson Brian (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-05-26	Common Stock	M	10000	—	Acquired	188100	Direct
2010-05-26	Common Stock	A	4374	—	Acquired	192474	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-05-26	Restricted Stock Unit	$	M	10000	Disposed		Common Stock (10000)	Direct

Footnotes

F1: Each Restricted Stock Unit reported on a Form 4 on June 3, 2009 represented a contingent right to receive one share of Green Plains Renewable Energy, Inc. common stock. On May 26, 2010, the Restricted Stock Units vested and were settled for common stock.

F2: The common stock vests on May 26, 2011.