Green Plains Inc. — Director's Dealing 2011

Jan 18, 2011

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Green Plains Renewable Energy, Inc. (GPRE)
CIK: 0001309402
Period of Report: 2011-01-07

Reporting Person: Pauldine Thomas F (EVP Human Resources)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common	2543.	Direct
Common	11250.	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
NQ - Stock Option (Right to Buy)	$5.99	2016-10-15	Common (20000.)		Direct

Footnotes

F1: Represents unvested restricted stock which vests in three remaining equal annual installments of 3,750 each beginning 2/24/11.

F2: Date at which first vesting occurs is indicated. One quarter of the total shares originally subject to the option became exercisable at the grant date and an additional one quarter became exercisable on each of the next three anniversaries thereafter.