Pure Cycle Corporation Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Note 5 - Shareholders' Equity (Tables)

Note 5 - Shareholders' Equity (Tables)

3 Months Ended

Nov. 30, 2012

Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]

		Number of Options				Weighted-Average Exercise Price				Weighted-Average Remaining Contractual Term				Approximate Aggregate Instrinsic Value
Oustanding at beginning of period (Aug. 31, 2012)			215,000			$	5.88
Granted			-				-
Exercised			-				-
Forfeited or expired			-				-
Outstanding at November 30, 2012			215,000				5.88				4.7				*
Options exercisable at November 30, 2012			205,000			$	6.03				4.6				*

Schedule of Nonvested Share Activity [Table Text Block]

		Number of Options				Weighted-Average Grant Date Fair Value
Non-vested options oustanding at beginning of period			22,500			$	1.72
Granted			-				-
Vested			(12,500	)			1.85
Forfeited			-				-
Options not vested at November 30, 2012			10,000			$	1.56