HOWELL PETER C exercised options at PURE CYCLE CORP

Option exercise — a mechanical event triggered by vesting or expiry. Not a discretionary conviction trade.

M · 3 exercises

HOWELL PETER C

Filed: 9/25/2020ACC: 0000276720-20-000044

InsiderHOWELL PETER CCIK 1210427

→

IssuerPURE CYCLE CORPCIK 276720

Director

Since Dec 2018

+19.19K

Net shares

Net buyer

$34.3K

Total sold

Open market trades

0B · 0S

Total transactions

23K acquired · 3.81K disposed

Non-Derivative Transactions6

Common Stock

Direct

M · Option Exercise

+2.50K

Price / share

$3.67

Trade value

$9.18K

% of position

25.0%

9/23/2020

10K→12.50K

Common Stock

Direct

M · Option Exercise

+2.50K

Price / share

$1.85

Trade value

$4.63K

% of position

20.0%

9/23/2020

12.50K→15K

Common Stock

Direct

M · Option Exercise

+6.50K

Price / share

$3.15

Trade value

$20.48K

% of position

43.3%

9/23/2020

15K→21.50K

Common Stock

Direct

F · Tax Withholding

−1.02K

Price / share

$9.00

Trade value

$9.18K

% of position

4.7%

9/23/2020

21.50K→20.48K

Common Stock

Direct

F · Tax Withholding

−514.00

Price / share

$9.00

Trade value

$4.63K

% of position

2.5%

9/23/2020

20.48K→19.97K

Common Stock

Direct

F · Tax Withholding

−2.27K

Price / share

$9.00

Trade value

$20.48K

% of position

11.4%

9/23/2020

19.97K→17.69K

Total

Net shares

+7.69K

Net value

-$6.00

Security	Date	Type	Shares	Price / Share	Trade Value	% of Position	Held Before	Held After
Common Stock Direct	9/23/2020	M · Option Exercise	+2.50K	$3.67	$9.18K	25.0%	10K	12.50K
Common Stock Direct	9/23/2020	M · Option Exercise	+2.50K	$1.85	$4.63K	20.0%	12.50K	15K
Common Stock Direct	9/23/2020	M · Option Exercise	+6.50K	$3.15	$20.48K	43.3%	15K	21.50K
Common Stock Direct	9/23/2020	F · Tax Withholding	−1.02K	$9.00	$9.18K	4.7%	21.50K	20.48K
Common Stock Direct	9/23/2020	F · Tax Withholding	−514.00	$9.00	$4.63K	2.5%	20.48K	19.97K
Common Stock Direct	9/23/2020	F · Tax Withholding	−2.27K	$9.00	$20.48K	11.4%	19.97K	17.69K
Total			+7.69K		-$6.00

Derivative Transactions3

Non-Statutory Stock Option (Right to Buy)

Direct

M · Option Exercise

Converts to

Common Stock

2.50K shares

+2.50K

Strike price

3.67

Held after

0.00

Exercisable

—

9/23/2020

Non-Statutory Stock Option (Right to Buy)

Direct

M · Option Exercise

Converts to

Common Stock

2.50K shares

+2.50K

Strike price

1.85

Held after

0.00

Exercisable

—

9/23/2020

Non-Statutory Stock Option (Right to Buy)

Direct

M · Option Exercise

Converts to

Common Stock

6.50K shares

+6.50K

Strike price

3.15

Held after

0.00

Exercisable

—

9/23/2020

Security	Converts To	Date	Type	Shares	Strike Price	Exercisable
Non-Statutory Stock Option (Right to Buy) Direct	Common Stock2.50K shares	9/23/2020	M · Option Exercise	+2.50K	3.67	—
Non-Statutory Stock Option (Right to Buy) Direct	Common Stock2.50K shares	9/23/2020	M · Option Exercise	+2.50K	1.85	—
Non-Statutory Stock Option (Right to Buy) Direct	Common Stock6.50K shares	9/23/2020	M · Option Exercise	+6.50K	3.15	—