Green Plains Inc. — Director's Dealing 2015

Jan 2, 2015

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Green Plains Inc. (GPRE)
CIK: 0001309402
Period of Report: 2014-12-30

Reporting Person: Tourbillon Capital Partners LP (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1014903	Indirect
Common Stock	30097	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Call Options	$25	2015-01-17	Common Stock (976100)		Indirect
Call Options	$30	2015-03-21	Common Stock (1673100)		Indirect
Put Options	$20	2015-01-17	Common Stock (971200)		Indirect
Call Options	$25	2015-01-17	Common Stock (28900)		Indirect
Call Options	$30	2015-03-21	Common Stock (50400)		Indirect
Put Options	$20	2015-01-17	Common Stock (28800)		Indirect

Footnotes

F1: This Form 3 is filed jointly Tourbillon Capital Partners LP ("Tourbillon") and Jason H. Karp (together, the "Reporting Persons"). Each of the Reporting Persons disclaims beneficial ownership of the shares of
Common Stock reported herein except to the extent of his or its pecuniary interest therein.

F2: Securities held for the account of Tourbillon Global Master Fund Ltd. ("Global Master Fund"). Each of Tourbillon, as the Investment Manager of Global Master Fund, and Jason H. Karp as the Chief Executive
Officer of Tourbillon, may be deemed to beneficially own the securities held for the account of Global Master Fund.

F3: Securities held for the account of GFS Map Trust Tourbillon ("GFS Map Trust"). Each of Tourbillon, as the Investment Manager of GFS Map Trust, and Jason H. Karp as the Chief Executive Officer of
Tourbillon, may be deemed to beneficially own the securities held for the account of GFS Map Trust.

F4: The securities are currently exercisable.