Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
PICKENS BOONE
  2. Issuer Name and Ticker or Trading Symbol
Clean Energy Fuels Corp. [CLNE]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
C/O CLEAN ENERGY FUELS CORP., 3020 OLD RANCH PARKWAY #400
3. Date of Earliest Transaction (Month/Day/Year)
12/28/2011
(Street)

SEAL BEACH, CA 90740
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/28/2011   M   1,500,000 A $ 10 18,039,720 D  
Common Stock               1,700,000 (1) I By Spouse

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Warrant (Right to Buy) $ 10 12/28/2011   M     1,500,000   (2) 12/28/2011 Common Stock 1,500,000 $ 0 13,500,000 D  
Warrant (Right to Buy) $ 10 12/28/2011   S(3)     5,950,000   (2) 12/28/2011 Common Stock 5,950,000 (3) 7,550,000 D  
Warrant (Right to Buy) $ 10 12/28/2011   S(4)     2,550,000   (2) 12/28/2011 Common Stock 2,550,000 (4) 5,000,000 D  
Warrant (Right to Buy) $ 10 12/28/2011   S(5)     1,500,000   (2) 12/28/2011 Common Stock 1,500,000 (5) 3,500,000 D  
Warrant (Right to Buy) $ 10 12/28/2011   S(6)     1,000,000   (2) 12/28/2011 Common Stock 1,000,000 (6) 2,500,000 D  
Warrant (Right to Buy) $ 10 12/28/2011   S(7)     2,500,000   (2) 12/28/2011 Common Stock 2,500,000 (7) 0 D  
Option (Right to Buy) $ 22 12/28/2011   P(3)   2,975,000     (2) 12/28/2012 Common Stock 2,975,000 (3) 2,975,000 D  
Opton (Right to Buy) $ 22 12/28/2011   P(4)   1,275,000     (2) 12/28/2012 Common Stock 1,275,000 (4) 1,275,000 D  
Option (Right to Buy) $ 22 12/28/2011   P(5)   750,000     (2) 12/28/2012 Common Stock 750,000 (5) 750,000 D  
Option (Right to Buy) $ 22 12/28/2011   P(6)   500,000     (2) 12/28/2012 Common Stock 500,000 (6) 500,000 D  
Option (Right to Buy) $ 22 12/28/2011   P(7)   1,250,000     (2) 12/15/2013 Common Stock 1,250,000 (7) 1,250,000 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
PICKENS BOONE
C/O CLEAN ENERGY FUELS CORP.
3020 OLD RANCH PARKWAY #400
SEAL BEACH, CA 90740
  X   X    

Signatures

 /s/ Boone Pickens   12/28/2011
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The reporting person disclaims any beneficial ownership of these securities, and this report shall not be deemed an admission that the reporting person is the beneficial owner of the securities for purposes of Section 16 or any other purpose.
(2) Immediately.
(3) The reporting person transfered to a third party all of his right, title and interest in the Warrant with respect to 5,950,000 shares of common stock. In consideration of such transfer the third party granted the reporting person a one-year option to purchase 2,975,000 shares of common stock at a price of $22.00 per share.
(4) The reporting person transfered to a third party all of his right, title and interest in the Warrant with respect to 2,550,000 shares of common stock. In consideration of such transfer the third party granted the reporting person a one-year option to purchase 1,275,000 shares of common stock at a price of $22.00 per share.
(5) The reporting person transfered to a third party all of his right, title and interest in the Warrant with respect to 1,500,000 shares of common stock. In consideration of such transfer the third party granted the reporting person a one-year option to purchase 750,000 shares of common stock at a price of $22.00 per share.
(6) The reporting person transfered to a third party all of his right, title and interest in the Warrant with respect to 1,000,000 shares of common stock. In consideration of such transfer the third party granted the reporting person a one-year option to purchase 500,000 shares of common stock at a price of $22.00 per share.
(7) The reporting person transfered to a third party all of his right, title and interest in the Warrant with respect to 2,500,000 shares of common stock. In consideration of such transfer the third party granted the reporting person a two-year option to purchase 1,250,000 shares of common stock at a price of $22.00 per share.

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