PURE CYCLE CORP — Director's Dealing 2006

Jul 7, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PURE CYCLE CORP (pcyo)
CIK: 0000276720
Period of Report: 2006-07-06

Reporting Person: TPC Ventures, LLC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-07-06	Common Stock	S	140000	$10.25	Disposed	1619705	Direct

Footnotes

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