PURE CYCLE CORP — Director's Dealing 2006

Sep 11, 2006

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: PURE CYCLE CORP (PCYO)
CIK: 0000276720
Period of Report: 2006-08-31

Reporting Person: HIGH PLAINS A & M LLC (10% Owner)
Reporting Person: WHITE H HUNTER III (10% Owner)
Reporting Person: BAUS M WALKER (10% Owner)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3000000	Direct

Footnotes

F1: H. Hunter White, III and M. Walker Baus are Members and Managers of High Plains A & M, LLC and have voting authority over the shares held by High Plains A & M, LLC. Mr. White has investing power over the shares held by High Plains A & M, LLC. Both Messrs. White and Baus disclaim beneficial ownership of the shares held by High Plains A & M, LLC except to the extent of their respective pecuniary interest therein.