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PURE CYCLE CORP Director's Dealing 2005

Oct 13, 2005

33442_dirs_2005-10-13_5e40d40f-a90b-4d01-8d6c-64dfb4046b4d.zip

Director's Dealing

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SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PURE CYCLE CORP (PCYO)
CIK: 0000276720
Period of Report: 2005-10-11

Reporting Person: PAR INVESTMENT PARTNERS LP (10% Owner)
Reporting Person: PAR Group, L.P. (10% Owner)
Reporting Person: PAR CAPITAL MANAGEMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-10-11	Pure Cycle Corporation	P	7519	$6.278	Acquired	0	Direct
2005-10-12	Pure Cycle Corporation	P	8214	$6.193	Acquired	1572042	Direct