PURE CYCLE CORP — Director's Dealing 2005

Sep 23, 2005

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PURE CYCLE CORP (PCYO)
CIK: 0000276720
Period of Report: 2005-09-21

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2005-09-21	Common stock	S	140000	$7	Disposed	1909705	Direct

Footnotes

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