PURE CYCLE CORP — Director's Dealing 2007

Jul 26, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PURE CYCLE CORP (PCYO)
CIK: 0000276720
Period of Report: 2007-07-24

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-07-24	Common Stock	S	180000	$7.75	Disposed	1439705	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.