UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Global Clean Energy Holdings, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

378989107

(CUSIP Number)

December 26, 2018

(Date of Event Which Requires Filing of This Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

☐ Rule 13d-1(b)

☒ Rule 13d-1(c)

☐ Rule 13d-1(d)

The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

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Not applicable

Reference is hereby made to responses 5 - 8 on pages 2 - 4 of this Schedule, which responses are incorporated herein by reference.

The securities to which this Schedule relates (the “Shares”) were assigned to PSH, GWC and AllianceBernstein Venture Fund I, L.P. (“ABV”) (collectively, the “Collateral Agent”) pursuant to that Assignment dated December 26, 2018 (the “Effective Date,” and such agreement, the “Assignment”). The Collateral Agent was designated as collateral agent pursuant to a guarantee and security agreement by and between the Collateral Agent, Targeted Growth, Inc. (“TGI”) and the other parties thereto (the “Security Agreement”). The Shares were assigned to the Collateral Agent in partial satisfaction of the obligations owed by TGI under the Security Agreement.

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From and after the Effective Date, the Reporting Persons, along with ABV, share voting and dispositive control over the Shares. Jeffrey S. Skoll, as the indirect sole member of PSH, may be deemed to share the power to direct the voting or disposition of the Shares on behalf of PSH.

Neither the filing of this Schedule nor any of its contents shall be deemed to constitute an admission that PSH, Jeffrey S. Skoll or GWC are or were, for any other purpose, the beneficial owners of any of the Shares.

Under the definition of “beneficial ownership” in Rule 13d-3 under the Act, it is also possible that the individual general partners, executive officers, and members of the foregoing entities may be deemed the “beneficial owners” of some or all of the Shares insofar as they may be deemed to share the power to direct the voting or disposition of the Shares. Neither the filing of this Schedule nor any of its contents shall be deemed to constitute an admission that any of such individuals is or was, for any purpose, the beneficial owner of any of the Shares, and such beneficial ownership is expressly disclaimed.

The calculation of percentage of beneficial ownership in response number 11 on each of pages 2 - 4 was derived from the Issuer’s Quarterly Report on Form 10-Q, filed with the Securities and Exchange Commission (the “SEC”) on May 13, 2016, in which the Issuer stated that the number of shares of its common stock outstanding as of May 13, 2016 was 341,405,545 shares of Common Stock.

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following  ☐.

Reference is hereby made to Item 4 of this Schedule, which Item is hereby incorporated by reference herein.

Not Applicable

The Reporting Persons are filing this Schedule 13G jointly, but not as members of a group, and each expressly disclaims membership in a group.

Not Applicable

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

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SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated: February 14, 2019

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