PURE CYCLE CORP

Ticker: PCYO CUSIP: 746228303 Class: Common Stock

Alpine Global Management, LLC's Holding History (CIK: 0001581655)

Note: Option positions (PUT/CALL) are excluded.

Q1 2015

Shares 12,800 Value ($000) $65 Avg Close $4.51 Range $3.54 - $5.50

Q4 2014

Shares 32,600 Value ($000) $130 Avg Close $5.35 Range $3.92 - $6.46

Q3 2014

Shares 48,500 Value ($000) $314 Avg Close $6.60 Range $5.95 - $7.37

Q2 2014

Shares 42,800 Value ($000) $290 Avg Close $5.71 Range $4.96 - $6.91

Q1 2014

Shares 39,170 Value ($000) $237 Avg Close $6.27 Range $5.75 - $7.17

Period	Shares	Value ($000)	Average Close	Price Range
Q1 2015	12,800	$65	$4.51	$3.54 - $5.50
Q4 2014	32,600	$130	$5.35	$3.92 - $6.46
Q3 2014	48,500	$314	$6.60	$5.95 - $7.37
Q2 2014	42,800	$290	$5.71	$4.96 - $6.91
Q1 2014	39,170	$237	$6.27	$5.75 - $7.17