PURE CYCLE CORP — Director's Dealing 2011

Jan 13, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PURE CYCLE CORP (pcyo)
CIK: 0000276720
Period of Report: 2011-01-11

Reporting Person: WHITE H HUNTER III (Director, 10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-01-11	Non-Statutory Stock option	$3.67	A	5000	Acquired	2021-01-11	common stock (5000)	Direct

Footnotes

F1: 50% vests on first anniversary of the grant date, 50% vests on the second anniversary of the grant date.