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
                                                                                  
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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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

ROLL ENERGY INVESTMENTS LLC 		2. Issuer Name and Ticker or Trading Symbol

Global Clean Energy Holdings, Inc. [ GCEH.OB ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

11444 WEST OLYMPIC BLVD., 10TH FLOOR 		3. Date of Earliest Transaction (MM/DD/YYYY)

5/4/2011
(Street)

LOS ANGELES, CA 90064
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   5/4/2011     C    5500000   A $0.02   36599500   D    
Common Stock   5/31/2011     X    945000   A $0.03   37544500   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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
Option   $0.02   5/4/2011     C         5500000   (1)   4/3/2011   7/2/2011   Common Stock   5500000   $0   0   D    
Option   $0.03   5/31/2011     X         945000   (2)   3/17/2010   3/16/2013   Common Stock   945000   $0   0   D    

Explanation of Responses:
( 1)  On March 31, 2010, Roll Energy Investments LLC ("Roll") entered into an Option Agreement (the "Option") with Richard Palmer ("Palmer") which entitled Roll to purchase up to 5,500,000 shares of the Issuer's common stock owned by Palmer at a price equal to $0.02 per share. The Option was exercisable in whole or in part at any time during the 90-day period commencing on April 3, 2011. Roll exercised this Option on May 4, 2011.
( 2)  On March 17, 2010, the Issuer issued to Roll a warrant (the "Warrant"), exercisable immediately, which entitled Roll to purchase up to 945,000 shares of the Issuer's common stock at a price equal to $0.03 per share at any time prior to March 16, 2013. Roll exercised this Warrant on May 31, 2011.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
ROLL ENERGY INVESTMENTS LLC
11444 WEST OLYMPIC BLVD.
10TH FLOOR
LOS ANGELES, CA 90064
X


Signatures
/s/ Stewart A. Resnick, Manager, Roll Energy Investments LLC 6/30/2011
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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