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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No.__)
Procyon Corporation
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
742806 30 0
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(CUSIP Number)
Justice 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)
John C. Anderson Trust
________________________________________________________________________________
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [_]
(b) [_]
________________________________________________________________________________
3 SEC USE ONLY
________________________________________________________________________________
4 SOURCE OF FUNDS*
OO - Shares of common stock and options to purchase common stock
transferred to the John C. Anderson Trust pursuant to the terms of the
Trust.
________________________________________________________________________________
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 3,350,500 common stock shares and 60,000 options to purchase
common stock shares
SHARES _________________________________________________________________
8 SHARED VOTING POWER
BENEFICIALLY
OWNED BY 0
_________________________________________________________________
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 3,350,500 common stock shares and 60,000 options to purchase
common stock shares
PERSON _________________________________________________________________
10 SHARED DISPOSITIVE POWER
WITH
0
________________________________________________________________________________
11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,410,500
________________________________________________________________________________
12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
________________________________________________________________________________
13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
42.4% assuming exercise options
________________________________________________________________________________
14 TYPE OF REPORTING PERSON*
OO - Trust
________________________________________________________________________________
*SEE INSTRUCTIONS BEFORE FILLING OUT!
CUSIP No. 742806 30 0
________________________________________________________________________________
Item 1. Security and Issuer.
Common stock and options to purchase common stock
Procyon Corporation
1300 S. Highland Ave.
Clearwater, FL 33756
________________________________________________________________________________
Item 2. Identity and Background.
(a) John C. Anderson Trust, by Justice W. Anderson, trustee
(b) 1300 S. Highland Ave.
Clearwater, FL 33756
(c) trust
(d) NO
(e) NO
(f) USA
________________________________________________________________________________
Item 3. Source and Amount of Funds or Other Consideration.
The shares of common stock and options to purchase common stock of Procyon
Corporation were transferred to the John C. Anderson Trust pursuant to the
terms of the Trust and pursuant to the testamentary instructions contained
in the Will of John C. Anderson, the former Chairman of the Board and Chief
Executive Officer of Procyon Corporation.
________________________________________________________________________________
Item 4. Purpose of Transaction.
See Item 3. The Trust 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 3,410,500 shares and options reported by the Trust constitute
42.4% of the total outstanding common shares of Procyon Corporation,
assuming exercise of options.
(b) The John C. Anderson Trust has the sole power to vote or to direct the
vote and to dispose or to direct the disposition of the 3,410,500
shares of Common Stock and options to purchase Common Stock reported
herein as being beneficially owned by it, which power is exercisable
by Justice W. Anderson, the Trustee.
(c) None. The Common stock and options to purchase Common stock reported
herein 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) The Trustee, Justice W. Anderson, has the power to sell or dispose of
the shares and options pursuant to the terms of the Trust. Upon the
happening of certain events, some Trust assets, including the reported
shares of Common stock and options to purchase shares of Common stock,
would be distributed to three beneficiaries of the Trust.
________________________________________________________________________________
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer.
Upon the happening of certain events, some Trust assets, including the
reported shares of Common stock and options to purchase shares of Common
stock, would be distributed to three beneficiaries of the Trust.
________________________________________________________________________________
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/ Justice W. Anderson
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(Signature)
Justice W. Anderson
- Trustee, John C. Anderson Trust
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(Name/Title)
Attention. Intentional misstatements or omissions of fact constitute federal
criminal violations (see 18 U.S.C. 1001).