PURE CYCLE CORP — Director's Dealing 2005

Nov 5, 2005

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: PURE CYCLE CORP (PCYO)
CIK: 0000276720
Period of Report: 2005-04-29

Reporting Person: TPC Ventures, LLC (10% Owner)
Reporting Person: CLARK RYAN T (10% indirect beneficial owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	2049705	Direct

Footnotes

F1: On April 29, 2005, Thomas P. Clark, the former CEO of Pure Cycle, transferred 2,049,705 shares of Pure Cycle Common Stock to TPC Ventures, LLC. As of the date of the filing of this Form 3, TPC Ventures, LLC owns 1,909,705 shares of Pure Cycle Common Stock.

These shares can also be deemed to be indirectly beneficially owned by Ryan T. Clark by way of his role as manager of TPC Ventures, LLC.