PURE CYCLE CORP — Major Shareholding Notification 2005

Jun 1, 2005

SC 13D/A 1 amend8topurecyclefinal.htm AMENDMENT NO. 8 TO SCHEDULE 13D SC 13D/A 1 [if !mso]> <![endif] SC 13D/A [if gte mso 9]> Preferred Customer Normal Preferred Customer 29 617 2004-05-25T19:18:00Z 2004-05-14T19:09:00Z 2004-06-16T15:58:00Z 12 2520 14113 MPC 288 93 17641 9.6926 228174/1/9320.000 <!--[if gte mso 9]> Printew Roman";} p.MsoHeader, li.MsoHeader, div.MsoHeader {margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; tab-stops:center 3.0in right 6.0in; font-size:12.0pt; font-family:"Times New Roman"; mso-fareast-font-family:"Times New Roman";} p.MsoFooter, li.MsoFooter, div.MsoFooter {margin:0in; margin-bottom:.0001pt; mso-pagination:widow-orphan; tab-stops:center 3.0in right 6.0in; font-size:12.0pt; font-family:"Times New Roman"; mso-fareast-font-family:"Times New Roman";} p {margin-right:0in; mso-margin-top-alt:auto; mso-margin-bottom-alt:auto; margin-left:0in; mso-pagination:widow-orphan; font-size:12.0pt; font-family:"Times New Roman"; mso-fareast-font-family:"Times New Roman";} pre {margin:0in; 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SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

SCHEDULE 13D AMENDMENT NO. 8 (Rule 13d-101) Under the Securities Exchange Act of 1934

| PURE CYCLE
CORPORATION |
| --- |
| (Name
of Issuer) |
| Common
Stock |
| (Title of
Class of Securities) |
| 746228
10 5 |
| (CUSIP
Number) |
| George M.
Middlemas |
| 225 W.
Washington |
| Suite 1500 |
| Chicago,
IL 60606 |
| (312)
857-2800 |
| (Name,
Address and Telephone Number of Person Authorized to Receive Notices and Communications) |
| May 25,
2005 |
| (Date of
Event which Requires Filing of this Statement) |

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box

Note . Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

CUSIP No. 746228105 — 1	NAME OF REPORTING PERSONS Apex Investment Fund II, L.P. 36-389-8753
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A
GROUP (a)
N/A
(b) X
3	SEC USE ONLY
4	SOURCE OF FUNDS WC
5	CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) N/A
6	CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
NUMBER OF
SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	7	SOLE VOTING POWER 908,043
	8	SHARED VOTING POWER 0
	9	SOLE DISPOSITIVE POWER 908,043
	10	SHARED DISPOSITIVE POWER 0
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 908,043
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES N/A
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 6.63%
14	TYPE OF REPORTING PERSON PN

CUSIP No. 746228105 — 1	NAME OF REPORTING PERSONS Environmental Venture Fund Liquidating Trust 61-6284514
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A
GROUP (a)
N/A
(b) X
3	SEC USE ONLY
4	SOURCE OF FUNDS WC
5	CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) N/A
6	CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
NUMBER OF
SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	7	SOLE VOTING POWER 348,968
	8	SHARED VOTING POWER 0
	9	SOLE DISPOSITIVE POWER 348,968
	10	SHARED DISPOSITIVE POWER 0
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 348,968
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES N/A
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 2.55%
14	TYPE OF REPORTING PERSON OO

CUSIP No. 746228105 — 1	NAME OF REPORTING PERSONS The Productivity Fund II Liquidating Trust 20-6247443
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A
GROUP (a)
N/A
(b) X
3	SEC USE ONLY
4	SOURCE OF FUNDS WC
5	CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) N/A
6	CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
NUMBER OF
SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	7	SOLE VOTING POWER 269,691
	8	SHARED VOTING POWER 0
	9	SOLE DISPOSITIVE POWER 269,691
	10	SHARED DISPOSITIVE POWER 0
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 269,691
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES N/A
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 1.97%
14	TYPE OF REPORTING PERSON PN

CUSIP No. 746228105 — 1	NAME OF REPORTING PERSONS Environmental Private Equity Fund II, L.P. 36-383-0765
2	CHECK THE APPROPRIATE BOX IF A MEMBER OF A
GROUP (a)
N/A
(b) X
3	SEC USE ONLY
4	SOURCE OF FUNDS WC
5	CHECK BOX IF DISCLOSURE OF LEGAL
PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) N/A
6	CITIZENSHIP OR PLACE OF ORGANIZATION Delaware
NUMBER OF
SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH	7	SOLE VOTING POWER 447,301
	8	SHARED VOTING POWER 0
	9	SOLE DISPOSITIVE POWER 447,301
	10	SHARED DISPOSITIVE POWER 0
11	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH
REPORTING PERSON 447,301
12	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW
(11) EXCLUDES CERTAIN SHARES N/A
13	PERCENT OF CLASS REPRESENTED BY AMOUNT IN
ROW (11) 3.26%
14	TYPE OF REPORTING PERSON PN

THIS SCHEDULE AMENDS A SCHEDULE 13D DATED AUGUST 12, 1992, AS AMENDED BY AMENDMENT NO. 1 DATED MAY 25, 1994, AMENDMENT NO. 2 DATED JULY 29, 1997, AMENDMENT NO. 3 DATED AUGUST 3, 1998, AMENDMENT NO. 4 DATED AUGUST 29, 2000, AMENDMENT NO. 5 DATED AUGUST 29, 2000, AMENDMENT NO. 6 DATED JUNE 24, 2004, AND AMENDMENT NO. 7 DATED AUGUST 31, 2004 (AS AMENDED, THE “ORIGINAL 13D”). ALL ITEMS NOT MENTIONED SPECIFICALLY IN THIS AMENDMENT REMAIN AS PROVIDED IN THE ORIGINAL 13D.

Item 5. Interest in Securities of the Issuer

| (a)(i) | Apex owns 908,043 shares of Common Stock, or 6.63% of such shares. EVF owns 348,968
shares of Common Stock, or 2.55% of such shares. PF II owns 269,691 shares of Common
Stock, or 1.97% of such shares. EPEF owns 447,301 shares of Common Stock, or 3.26%
of such shares. |
| --- | --- |
| | In addition, Middlemas holds 33,333 shares
of Common Stock. |
| (a)(ii) | By reason of its status as ultimate general partner or liquidating trustee of the Filing Parties, FAC
may be deemed to be the indirect beneficial owner of 1,974,000 shares of
Common Stock, or 14.40% of such shares. By reason of his status as
stockholder of FAC, F. Oliver Nicklin, Jr. may also be deemed to be
the indirect beneficial owner of such shares. |
| | By reason of their status as ultimate
general partners of Apex, Stellar (and through Stellar, Johnson), Middlemas
and Chartwell (and through Chartwell, Renze) may be deemed to be the indirect
beneficial owners of 908,043 shares of Common Stock, or 6.63% of such
shares. When these shares are combined with the 33,333 shares of Common
Stock he owns individually, Middlemas may be deemed to be the beneficial
owner of 941,373 shares of Common Stock, or 6.89% of such shares. |
| | By reason of his status as ultimate general
partner of EPEF and liquidating trustee of PF II, Maxwell may be deemed to be the indirect
beneficial owner of 716,992 shares of Common Stock, or 5.23% of such
shares. |
| (a)(iii) | Each of the Filing Parties disclaims
beneficial ownership of all shares of Common Stock described herein except
those shares that are owned by the Filing Party directly. The Filing
Parties understand that each of the other persons named as officer, director,
partner or other affiliate of any Filing Party herein disclaims beneficial
ownership of all of the shares of Common Stock described herein, except for
Middlemas with respect to 33,333 shares he owns individually. |
| | Each of the Filing Parties disclaims the
existence of a “group” among any or all of them and further disclaims the
existence of a “group” among any or among all of them and any or all of the
other persons named as an officer, director, partner or other affiliate of
any Filing Party, in each case within the meaning of Section 13(d)(3) of the
1934 Act. |
| (b)(i) | Apex has the sole power to dispose of and to vote 908,043 shares of Common Stock. FAC, Stellar, Johnson, Middlemas, Chartwell and Renze may be
deemed to share the power to direct the disposition or vote of the 908,043
shares of Common Stock owned directly by Apex. |
| (b)(ii) | EVF has the sole power to dispose of and to
vote 348,968 shares of Common Stock. FAC may be deemed to share the power to direct the
disposition or vote of the 348,968 shares of Common Stock owned directly by EVF. |
| (b)(iii) | PF II has the sole power to dispose of and
to vote 269,691 shares of Common Stock. FAC and Maxwell may be deemed to share the power to direct
the disposition or vote of the 269,691 shares of Common Stock owned directly by PF II. |
| (b)(iv) | EPEF has the sole power to dispose of and
to vote 447,301 shares of Common Stock. FAC and Maxwell may be deemed to share the power to direct the disposition or
vote of the 447,301 shares of Common Stock owned directly by EPEF. |
| (b)(v) | Middlemas has the sole power to dispose of
and to vote 33,333 shares of Common Stock. |
| (c) | Apex sold 36,808 shares of Common Stock at $7.25 per share in the public market
on May 12, 2005, and sold 26,225 shares of Common Stock at $7.25 per share in the
public market on May 25, 2005. EVF sold 14,146 shares of Common Stock at $7.25
per share in the public market on May 12, 2005, and sold 10,079 shares of Common
Stock at $7.25 per share in the public market on May 25, 2005. PF II sold 7,777
shares of Common Stock at $7.25 per share in the public market on May 12, 2005,
and sold 10,915 shares of Common Stock at $7.25 per share in the public market on
May 25, 2005. EPEF sold 18,131 shares of Common Stock at $7.25 per share in the
public market on May 12, 2005, and sold 12,919 shares of Common Stock at $7.25
per share in the public market on May 25, 2005. |
| (d) | None |

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct as of the 1st day of June, 2005.

| APEX INVESTMENT FUND II, L.P. — By: | Apex Management Partnership, General
Partner | | |
| --- | --- | --- | --- |
| | By: | | Stellar
Investment Co., General Partner of |
| | | | Apex Management Partnership |
| | | | By:
_____ |
| | | | James A. Johnson, President |
| | By: | | First
Analysis Corporation, General Partner of |
| | | | Apex Management Partnership |
| | | | By:
_____ |
| | | | F. Oliver Nicklin, Jr., President |
| ENVIRONMENTAL PRIVATE EQUITY FUND II, L.P. | | | |
| By: | Environmental Private
Equity Management II, L.P., | | |
| | General Partner | | |
| | By: | First Analysis EPEF
Management Company II, General Partner of Environmental Private | |
| | | Equity Management II, L. P. | |
| | | By: | First Analysis
Corporation, General Partner of |
| | | | First Analysis EPEF
Management Company II |
| | | | By:
_____ |
| | | | F. Oliver Nicklin, Jr., President |
| | | By: | _______ |
| | | | Bret R. Maxwell, General Partner of First
Analysis |
| | | | EPEF Management Company II |
| THE PRODUCTIVITY FUND II LIQUIDATING TRUST | | | |
| By: | First Analysis Management Company II,
General Partner | | |
| | By: | | First Analysis Corporation, Liquidating Trustee |
| | | | By:
_____ |
| | | | F. Oliver Nicklin, Jr., President |
| | | | _________ |
| | | | Bret R. Maxwell, Liquidating Trustee |

SIGNATURE (CONTINUED)

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct as of the 1st day of June, 2005.

| THE ENVIRONMENTAL VENTURE FUND LIQUIDATING
TRUST | |
| --- | --- |
| By: | First Analysis Corporation, Liquidating
Trustee |
| | By:
_____ |
| | F. Oliver Nicklin,
Jr., President |