1. In a small bowl combine water, sugar and yeast and let sit until yeast begins to bubble, about 15 minutes.
  2. In a stand mixer combine flour, salt, ½ cup olive oil and yeast mixture and mix on low speed until dough comes together. Continue mixing on medium speed for about 5 minutes or until dough is smooth.
  3. Coat the inside of a large bowl with olive oil. Place the dough in the bowl and cover with plastic wrap and store in a warm place for at least an hour until the dough has doubled in size.
  4. Coat a sheet pan with ½ cup oil. Lay pepperoni on the bottom of the sheet pan covering the pan edge to edge.
  5. Place the dough on top of the pepperoni and gently press the dough toward the edges of the pan.
  6. Cover the pan with plastic wrap and allow the dough to rise for another hour. Preheat the oven to 425°F.
  7. Gently using your fingers, press the dough all the way to the edges of the pan and press dimples gently into the dough.
  8. Bake for 15-20 minutes or until golden brown.
  9. Allow the bread to cool and invert onto a cutting board. Sprinkle with parmesan cheese, cut and serve.