PURE CYCLE CORP — Director's Dealing 2019

Oct 15, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PURE CYCLE CORP (PCYO)
CIK: 0000276720
Period of Report: 2019-10-10

Reporting Person: Plaisance Capital LLC (10% Owner)
Reporting Person: Kozlowski Daniel R (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-10-10	Common Stock, par value 1/3 of $0.01 per share	P	5000	$10.78	Acquired	3744609	Indirect
2019-10-11	Common Stock, par value 1/3 of $0.01 per share	P	5000	$11.01	Acquired	3749609	Indirect
2019-10-14	Common Stock, par value 1/3 of $0.01 per share	P	5000	$10.88	Acquired	3754609	Indirect

Footnotes

F1: The Common Stock, par value 1/3 of $0.01 per share reported herein ("Common Stock") is held directly by a certain private investment fund (the "Private Fund") managed by Plaisance Capital, LLC (the "Investment Manager"), and may be deemed to be beneficially owned by the Investment Manager and by Daniel Kozlowski, managing member of the Investment Manager. Each of the Investment Manager and Daniel Kozlowski (collectively, the "Reporting Persons") disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of its or his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

F2: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions within the range of $10.69 to $10.87. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote.