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

Quarterly report pursuant to Section 13 or 15(d)

SHAREHOLDERS' EQUITY (Tables)

SHAREHOLDERS' EQUITY (Tables)

3 Months Ended

Nov. 30, 2021

The following table summarizes the combined stock option activity for the 2004 Incentive Plan and 2014 Equity Plan for the three months ended November 30, 2021:


					Approximate
				Weighted Average	Aggregate
	Number	Weighted Average		Remaining	Intrinsic Value
	of Options	Exercise Price		Contractual Term	(in thousands)
Outstanding at August 31, 2021	714,500	$	7.80	6.06	$	5,107
Granted	105,000	$	13.37
Net settlement exercised	(13,167)	$	7.81
Outstanding at November 30, 2021	806,333	$	8.53	6.32	$	4,864

Options exercisable at November 30, 2021	570,002	$	7.42	5.18	$	4,070

Non-Vested Options

The following table summarizes the combined activity and value of non-vested options under the 2004 Equity Plan and 2014 Incentive Plan as for the three months ended November 30, 2021:


		Weighted Average
	Number	Grant Date
	of Options	Fair Value
Non-vested options outstanding at August 31, 2021	218,333	$	4.04
Granted	105,000	$	5.16
Vested	(87,002)	$	4.21
Non-vested options outstanding at November 30, 2021 (a)	236,331	$	4.48

(a)	All non-vested options are expected to vest.