-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, OGFofkkofRFFXNABVBn1+y2YuQDyCWaB7rfGCK8vz65nm1JTcugJeJMmcMh3MZXR 1yvWrrf/N7NSbSVNgSaTiA== 0001125282-04-003104.txt : 20040630 0001125282-04-003104.hdr.sgml : 20040630 20040630141755 ACCESSION NUMBER: 0001125282-04-003104 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20040630 GROUP MEMBERS: PAR CAPITAL MANAGEMENT, INC. GROUP MEMBERS: PAR GROUP, L.P. GROUP MEMBERS: PAR INVESTMENT PARTNERS, L.P. SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PURE CYCLE CORP CENTRAL INDEX KEY: 0000276720 STANDARD INDUSTRIAL CLASSIFICATION: REFRIGERATION & SERVICE INDUSTRY MACHINERY [3580] IRS NUMBER: 840705083 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-36739 FILM NUMBER: 04890996 BUSINESS ADDRESS: STREET 1: 8451 DELAWARE STREET CITY: THORNTON STATE: CO ZIP: 80260 BUSINESS PHONE: 3032923456 MAIL ADDRESS: STREET 1: 8451 DELAWARE STREET CITY: THORNTON STATE: CO ZIP: 80260 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: PAR CAPITAL MANAGEMENT INC CENTRAL INDEX KEY: 0001051359 IRS NUMBER: 043153755 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: ONE FINANCIAL CENTER SUITE 1600 CITY: BOSTON STATE: MA ZIP: 02111 BUSINESS PHONE: 6175268990 MAIL ADDRESS: STREET 1: ONE FINANCIAL CENTER SUITE 1600 CITY: BOSTON STATE: MA ZIP: 02111 SC 13G/A 1 b332867_sc13ga1.txt AMENDMENT NO. 1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G (RULE 13D-102) INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULES 13D-1(B) (C), AND (D) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13D-2(B) (AMENDMENT NO. )(1) PURE CYCLE CORP - -------------------------------------------------------------------------------- (Name of issuer) COMMON STOCK, PAR VALUE 1/3 OF $.01 PER SHARE - -------------------------------------------------------------------------------- (Title of class of securities) 746228303 - -------------------------------------------------------------------------------- (CUSIP number) June 21, 2004 - -------------------------------------------------------------------------------- (Date of event which requires filing of this statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: |_| Rule 13d-1(b) |X| Rule 13d-1(c) |_| Rule 13d-1(d) (Continued on the following pages) (Page 1 of 8 Pages) - -------------------------------- (1) The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover page. The information required on the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13G - -------------------- ------------------ CUSIP NO. 746228303 PAGE 2 OF 8 PAGES - -------------------- ------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS PAR INVESTMENT PARTNERS, L.P. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* A) |_| B) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION STATE OF DELAWARE - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 650,000 COMMON STOCK, PAR VALUE 1/3 OF $.01 PER SHARE BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH -------------------------------------------------------- 6 SHARED VOTING POWER NONE -------------------------------------------------------- 7 SOLE DISPOSITIVE POWER 650,000 COMMON STOCK, PAR VALUE 1/3 OF $.01 PER SHARE -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER NONE - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 650,000 COMMON STOCK, PAR VALUE 1/3 OF $.01 PER SHARE - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.8% COMMON STOCK, PAR VALUE 1/3 OF $.01 PER SHARE - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * PN ================================================================================ * SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13G - -------------------- ------------------ CUSIP NO. 746228303 PAGE 3 OF 8 PAGES - -------------------- ------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS PAR GROUP, L.P. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) |_| (B) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION STATE OF DELAWARE - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 650,000 COMMON STOCK, PAR VALUE 1/3 OF $.01 PER SHARE BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH -------------------------------------------------------- 6 SHARED VOTING POWER NONE -------------------------------------------------------- 7 SOLE DISPOSITIVE POWER 650,000 COMMON STOCK, PAR VALUE 1/3 OF $.01 PER SHARE -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER NONE - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 650,000 COMMON STOCK, PAR VALUE 1/3 OF $.01 PER SHARE - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.8% COMMON STOCK, PAR VALUE 1/3 OF $.01 PER SHARE - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * PN ================================================================================ * SEE INSTRUCTIONS BEFORE FILLING OUT! SCHEDULE 13G - -------------------- ------------------ CUSIP NO. 746228303 PAGE 4 OF 8 PAGES - -------------------- ------------------ - -------------------------------------------------------------------------------- 1 NAME OF REPORTING PERSONS S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS PAR CAPITAL MANAGEMENT, INC. - -------------------------------------------------------------------------------- 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (A) |_| (B) |X| - -------------------------------------------------------------------------------- 3 SEC USE ONLY - -------------------------------------------------------------------------------- 4 CITIZENSHIP OR PLACE OF ORGANIZATION STATE OF DELAWARE - -------------------------------------------------------------------------------- NUMBER OF 5 SOLE VOTING POWER SHARES 650,000 COMMON STOCK, PAR VALUE 1/3 OF $.01 PER SHARE BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH -------------------------------------------------------- 6 SHARED VOTING POWER NONE -------------------------------------------------------- 7 SOLE DISPOSITIVE POWER 650,000 COMMON STOCK, PAR VALUE 1/3 OF $.01 PER SHARE -------------------------------------------------------- 8 SHARED DISPOSITIVE POWER NONE - -------------------------------------------------------------------------------- 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 650,000 COMMON STOCK, PAR VALUE 1/3 OF $.01 PER SHARE - -------------------------------------------------------------------------------- 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* |_| - -------------------------------------------------------------------------------- 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 5.8% COMMON STOCK, PAR VALUE 1/3 OF $.01 PER SHARE - -------------------------------------------------------------------------------- 12 TYPE OF REPORTING PERSON * CO ================================================================================ * SEE INSTRUCTIONS BEFORE FILLING OUT! STATEMENT ON SCHEDULE 13G Item 1(a). Name of Issuer: PURE CYCLE CORP. Item 1(b). Address of Issuer's Principal Executive Offices: 8451 Delaware Street Thornton, CO 80260 Item 2(a). Names of Person Filing: Par Investment Partners, L.P. Par Group, L.P. Par Capital Management, Inc. Item 2(b). Business Mailing Address for the Person Filing: Par Capital Management, Inc. One International Place, Suite 2401 Boston, MA 02110 Item 2(c). Citizenship: State of Delaware Item 2(d). Title of Class of Securities: COMMON STOCK, PAR VALUE 1/3 OF $.01 PER SHARE Item 2(e). CUSIP Number: 746228303 Item 3. If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b), check whether the person filing is a: Not Applicable Item 4. Ownership: (a) Amount Beneficially Owned: 650,000 COMMON STOCK, PAR VALUE 1/3 OF $.01 PER SHARE (b) Percent of Class: 5.8% COMMON STOCK, PAR VALUE 1/3 OF $.01 PER SHARE (c) Number of shares as to which such person has: (i) 650,000 COMMON STOCK, PAR VALUE 1/3 OF $.01 PER SHARE (ii) shared power to vote or to direct the vote: Page 5 of 8 (iii) sole power to dispose or to direct the disposition of: 650,000 COMMON STOCK, PAR VALUE 1/3 OF $.01 PER SHARE (iv) shared power to dispose or to direct the disposition of: Item 5. Ownership of Five Percent or Less of a Class: Not Applicable Item 6. Ownership of More than Five Percent on Behalf of Another Person: Not Applicable Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company: Not Applicable Item 8. Identification and Classification of Members of the Group: Not Applicable Item 9. Notice of Dissolution of Group: Not Applicable Item 10. Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Page 6 of 8 Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: June 30, 2004 PAR INVESTMENT PARTNERS, L.P. By: PAR GROUP, L.P. its general partner By: PAR CAPITAL MANAGEMENT, INC. its general partner By: /s/ Frederick S. Downs, Jr. ----------------------------------------- Frederick S. Downs, Jr., Vice President PAR GROUP, L.P. By: PAR CAPITAL MANAGEMENT, INC., its general partner By: /s/ Frederick S. Downs, Jr ----------------------------------------- Frederick S. Downs, Jr., Vice President PAR CAPITAL MANAGEMENT, INC. By: /s/ Frederick S. Downs, Jr. ----------------------------------------- Frederick S. Downs, Jr., Vice President Page 7 of 8 JOINT FILING AGREEMENT In accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934, as amended, the undersigned agree to the joint filing on behalf of each of them of a statement on Schedule 13G (including amendments thereto) with respect to the COMMON STOCK, PAR VALUE 1/3 OF $.01 PER SHARE PURE CYCLE CORP and further agree that this agreement be included as an exhibit to such filing. Each party to the agreement expressly authorizes each other party to file on its behalf any and all amendments to such statement. Each party to this agreement agrees that this joint filing agreement may be signed in counterparts. In evidence whereof, the undersigned have caused this Agreement to be executed on their behalf this 30th day of June, 2004. PAR INVESTMENT PARTNERS, L.P. By: PAR GROUP, L.P. its general partner By: PAR CAPITAL MANAGEMENT, INC. its general partner By: /s/ Frederick S. Downs, Jr. ----------------------------------------- Frederick S. Downs, Jr., Vice President PAR GROUP, L.P. By: PAR CAPITAL MANAGEMENT, INC., its general partner By: /s/ Frederick S. Downs, Jr. ----------------------------------------- Frederick S. Downs, Jr., Vice President PAR CAPITAL MANAGEMENT, INC. By: /s/ Frederick S. Downs, Jr. ----------------------------------------- Frederick S. Downs, Jr., Vice President Page 8 of 8 -----END PRIVACY-ENHANCED MESSAGE-----