PURE CYCLE CORP — Director's Dealing 2005

Nov 4, 2005

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: PURE CYCLE CORP (PCYO)
CIK: 0000276720
Period of Report: 2005-04-18

Reporting Person: HOWELL PETER C (Director)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-statutory stock option	$7.48	2005-04-18	Common stock (5000)		Direct

Footnotes

F1: 2500 vest on the first anniversary of the grant date and 2500 vest on the second anniversary of the grant date.