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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13D/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)
Procyon Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
74 2806 30 0
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(CUSIP Number)
Regina W. Anderson
1300 S. Highland Avenue
Clearwater, Florida 33756
(727) 447-2998
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(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
April 12, 2007
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(Date of Event which Requires Filing of This Statement)
If the filing person has previously filed a statement on Schedule 13G
to report the acquisition that is the subject of this Schedule 13D,
and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or
13d-1(g), check the following box [_].
Note: Schedules filed in paper format shall include a signed original
and five copies of the schedule, including all exhibits. See Rule
13d-7 for other parties to whom copies are to be sent.
* 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).
CUSIP No. 74 2806 30 0
________________________________________________________________________________
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Regina W. Anderson
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
PF
________________________________________________________________________________
5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) OR 2(e) [_]
________________________________________________________________________________
6 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
________________________________________________________________________________
7 SOLE VOTING POWER
NUMBER OF
72,500 shares of common stock
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING
72,500 shares of common stock
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
72,500 shares of common stock
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
.9%
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
IN
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 742806 30 0
________________________________________________________________________________
Item 1. Security and Issuer.
Common stock
Procyon Corporation
1300 S. Highland Ave.
Clearwater, FL 33756
________________________________________________________________________________
Item 2. Identity and Background.
(a) Regina W. Anderson
(b) 1300 S. Highland Ave.
Clearwater, FL 33756
(c) CEO/President of Procyon Corporation
1300 S. Highland Ave.
Clearwater, FL 33756
(d) NO
(e) NO
(f) USA
________________________________________________________________________________
Item 3. Source and Amount of Funds or Other Consideration.
Ms. Anderson purchased the 72,500 shares of common stock using her personal
funds.
________________________________________________________________________________
Item 4. Purpose of Transaction.
Ms. Anderson acquired the reported shares for personal investment. Ms.
Anderson has no plans or purposes which would relate to or result in any of
the actions enumerated in Item 4 (a) through (j) of Schedule 13D.
________________________________________________________________________________
Item 5. Interest in Securities of the Issuer.
(a) The 72,500 shares of common stock beneficially owned by Ms. Anderson
constitute 0.9% of the total outstanding common stock of Procyon
Corporation.
(b) Ms. Anderson has sole power to vote or to direct the vote and to
dispose or to direct the disposition of the 72,500 shares of Common
Stock reported as beneficially owned herein.
(c) None. The Common stock and options to purchase Common stock previously
reported as being beneficially owned by Ms. Anderson were transferred
to the John C. Anderson Trust pursuant to the terms of the Trust on or
about April 12, 2007. Prior to that time, after the death of John C.
Anderson in August 2005, the Common stock and options to purchase
Common stock were held by the estate of John C. Anderson, Regina W.
Anderson administrator.
(d) None
(e) Ms. Anderson ceased to beneficially own over five percent of the
outstanding Common stock of Procyon Corporation on or about April 12,
2007, when, as Administrator of the Estate of John C. Anderson, she
completed the transfer of the reported shares and options to the John
C. Anderson Trust.
________________________________________________________________________________
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
None
________________________________________________________________________________
Item 7. Material to be Filed as Exhibits.
None
________________________________________________________________________________
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.
April 27, 2007
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(Date)
/s/ Regina W. Anderson
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(Signature)
Regina W. Anderson - CEO / President
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(Name/Title)
Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (see 18 U.S.C. 1001).