PURE CYCLE CORP — Director's Dealing 2020

Jan 9, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PURE CYCLE CORP (PCYO)
CIK: 0000276720
Period of Report: 2020-01-07

Reporting Person: PAR INVESTMENT PARTNERS LP (10% Owner)
Reporting Person: PAR Group II, L.P. (10% Owner)
Reporting Person: PAR CAPITAL MANAGEMENT INC (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-07	Common Stock	S	225000	$12.25	Disposed	2307970	Direct

Footnotes

F1: These securities are held directly by PAR Investment Partners, L.P. ("PIP"). PAR Group II, L.P. ("PAR Group II") is the general partner of PIP, and PAR Capital Management, Inc. ("PCM") is the general partner of PAR Group II. Each of PAR Group II and PCM disclaims beneficial ownership of these securities except to the extent of its pecuniary interest, if any, in such securities as a result of PAR Group II's general partner interest in PIP and a contingent right to receive a performance-based advisory fee, and this report shall not be deemed to be an admission that PAR Group II or PCM is the beneficial owner of these securities for Section 16 or any other purpose.