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

SHAREHOLDERS' EQUITY (Tables)

3 Months Ended

Nov. 30, 2012

The following table summarizes the stock option activity for the Equity Plan for the three months ended November 30, 2013:

		Number of Options	Weighted-Average Exercise Price		Weighted- Average Remaining Contractual Term			Appropriate Aggressive Instrinsic Value
Oustanding at August 31, 2013		347,500	$	5.62
Granted
	Exercised
Forfeited or expired
Outstanding at November 30, 2013		347,500		5.62		6.69	$	715,050
Options exercisable at November 30, 2013		215,000	$	5.90		4.56	$	435,715

The following table summarizes the activity and value of non-vested options as of and for the three months ended November 30, 2013:

	Number of Options		Weighted- Average Grant Date Fair Value
Non-vested options oustanding at beginning of period		132,500	$	3.80
Granted
Vested
Forfeited
Options not vested at November 30, 2013		132,500	$	3.80