<SEC-DOCUMENT>0001654954-18-000522.txt : 20180118
<SEC-HEADER>0001654954-18-000522.hdr.sgml : 20180118
<ACCEPTANCE-DATETIME>20180118184559
ACCESSION NUMBER:		0001654954-18-000522
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20180117
FILED AS OF DATE:		20180118
DATE AS OF CHANGE:		20180118

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Guido Richard L
		CENTRAL INDEX KEY:			0001305989

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-08814
		FILM NUMBER:		18535076

	MAIL ADDRESS:	
		STREET 1:		8451 DELAWARE ST
		CITY:			THORNTON
		STATE:			CO
		ZIP:			80260

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PURE CYCLE CORP
		CENTRAL INDEX KEY:			0000276720
		STANDARD INDUSTRIAL CLASSIFICATION:	WATER SUPPLY [4941]
		IRS NUMBER:				840705083
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			0831

	BUSINESS ADDRESS:	
		STREET 1:		1490 LAFAYETTE STREET
		STREET 2:		SUITE 203
		CITY:			DENVER
		STATE:			CO
		ZIP:			80218
		BUSINESS PHONE:		3032923456

	MAIL ADDRESS:	
		STREET 1:		1490 LAFAYETTE STREET
		STREET 2:		SUITE 203
		CITY:			DENVER
		STATE:			CO
		ZIP:			80218
</SEC-HEADER>
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<TYPE>4
<SEQUENCE>1
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    <periodOfReport>2018-01-17</periodOfReport>

    <issuer>
        <issuerCik>0000276720</issuerCik>
        <issuerName>PURE CYCLE CORP</issuerName>
        <issuerTradingSymbol>PCYO</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001305989</rptOwnerCik>
            <rptOwnerName>Guido Richard L</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>3610 ROCK CREEK DRIVE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>RALEIGH</rptOwnerCity>
            <rptOwnerState>NC</rptOwnerState>
            <rptOwnerZipCode>27609</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>true</isDirector>
            <isOfficer>false</isOfficer>
            <isTenPercentOwner>false</isTenPercentOwner>
            <isOther>false</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Non-Statutory Stock Option (Right to Buy)</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>8.75</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2018-01-17</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>false</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>6500</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2019-01-17</value>
                <footnoteId id="F1"/>
            </exerciseDate>
            <expirationDate>
                <value>2028-01-17</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>6500</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>6500</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Vests on January 17, 2019, or the date of the next annual meeting of shareholders of Pure Cycle Corporation, whichever is earlier.</footnote>
    </footnotes>

    <remarks>Exhibit List
Exhibit 24.1 Power-of-attorney</remarks>

    <ownerSignature>
        <signatureName>/s/ Richard L. Guido, by Mark W. Harding as attorney-in-fact (see remarks)</signatureName>
        <signatureDate>2018-01-18</signatureDate>
    </ownerSignature>
</ownershipDocument>
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<DOCUMENT>
<TYPE>EX-24.1
<SEQUENCE>2
<FILENAME>a0484powerofattorney-rich.htm
<DESCRIPTION>POWER OF ATTORNEY
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POWER OF ATTORNEY</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">KNOW
ALL BY THESE PRESENTS, that the person whose signature appears
below hereby constitutes and appoints Mark W. Harding his true and
lawful attorney-in-fact and agent, for him and in his name, place
and stead, in any and all capacities, with full power of
substitution, to: (i) sign any and all instruments, certificates
and documents that may be necessary, desirable or appropriate to be
executed pursuant to Section 13 or 16 of the Securities Exchange
Act of 1934, as amended, and any and all regulations promulgated
thereunder, with respect to Pure Cycle Corporation; (ii) do and
perform any and all acts which may be necessary, desirable or
appropriate to prepare and complete any such instruments,
certificates and documents (including any amendments thereto);
(iii) file the same (including any amendments thereto), with all
exhibits thereto, and any other documents in connection therewith,
with the Securities and Exchange Commission, and any stock exchange
or similar authority; and (iv) take any other action of any type
whatsoever in connection with the foregoing which, in the opinion
of such attorney-in-fact, may be of benefit to, in the best
interest of, or legally required by, the undersigned, it being
understood that the documents executed by such attorney-in-fact on
behalf of the undersigned pursuant to this power of attorney shall
be in such form and shall contain such terms and conditions as such
attorney-in-fact may approve in such attorney-in-fact&#x2019;s
discretion, granting unto said attorney-in-fact full power and
authority to do and perform each and every act and thing necessary,
desirable or appropriate.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">The
understood hereby grants to the attorney-in-fact full power and
authority to do and perform any and every act and thing whatsoever
requisite, necessary or proper to be done in the exercise of any of
the rights and powers herein granted, as fully to all intents and
purposes as the undersigned might or could do if personally present
with full power of substitution or revocation, hereby ratifying and
confirming all that such attorney-in-fact or such
attorney-in-fact&#x2019;s substitute or substitutes, shall lawfully
do or cause to be done by virtue of this power of
attorney.</font></div>
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<div style="text-align: justify; margin-left: 0px; margin-right: 0px; text-indent: 48px">
<font style="font-family: Times New Roman; font-size: 13px">This
power of attorney shall remain in full force and effect until
revoked by the undersigned in a signed writing delivered to the
attorney-in-fact.</font></div>
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<font style="font-family: Times New Roman; font-size: 13px">IN
WITNESS WHEREOF, the undersigned has executed this power of
attorney as of the 16th day of January 2018.</font></div>
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<div style="display: table-cell; width: 288px"><font style="font-family: Times New Roman; font-size: 13px"><font style="text-decoration: underline">/s/ Richard L.
Guido</font>&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;&#xA0;<br>
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<font style="font-family: Times New Roman; font-size: 13px">Richard
L. Guido</font></div>
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