PURE CYCLE CORP — Director's Dealing 2005

Dec 23, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PURE CYCLE CORP (PCYO)
CIK: 0000276720
Period of Report: 2005-12-22

Reporting Person: TPC Ventures, LLC (10% Owner)
Reporting Person: CLARK RYAN T (10% Owner, See Note 1)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-12-22	Common Stock	S	140000	$7.2	Acquired	1769705	Direct

Footnotes

F1: By reason of his role as manager of TPC Ventures, LLC, these share are also deemed to be indirectly beneficially owned by Ryan T. Clark.