-----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, Wqy0PUwZdKF0b5BneU6SsZ3QE1Ffo8eqKskSn8eandmRrMDWEW6lYf3KHY3p0Igf m9uMb0eTC1310/C/EUXxZw== 0001050502-07-000147.txt : 20070501 0001050502-07-000147.hdr.sgml : 20070501 20070430173136 ACCESSION NUMBER: 0001050502-07-000147 CONFORMED SUBMISSION TYPE: SC 13D PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070501 DATE AS OF CHANGE: 20070430 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: PROCYON CORP CENTRAL INDEX KEY: 0000812306 STANDARD INDUSTRIAL CLASSIFICATION: PHARMACEUTICAL PREPARATIONS [2834] IRS NUMBER: 368732690 STATE OF INCORPORATION: CO FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: SC 13D SEC ACT: 1934 Act SEC FILE NUMBER: 005-40387 FILM NUMBER: 07802232 BUSINESS ADDRESS: STREET 1: 1300 S HIGHLAND AVE CITY: CLEARWATER STATE: FL ZIP: 33756 BUSINESS PHONE: (727)447-2998 MAIL ADDRESS: STREET 1: 1300 S HIGHLAND AVE CITY: CLEARWATER STATE: FL ZIP: 33756 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: JOHN C ANDERSON TRUST CENTRAL INDEX KEY: 0001397303 IRS NUMBER: 566657839 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13D BUSINESS ADDRESS: STREET 1: 440 S GULFVIEW BLVD STREET 2: APT 1702N CITY: CLEARWATER STATE: FL ZIP: 33767 BUSINESS PHONE: (727)799-4072 MAIL ADDRESS: STREET 1: 440 S GULFVIEW BLVD STREET 2: APT 1702N CITY: CLEARWATER STATE: FL ZIP: 33767 SC 13D 1 sc13d-jcat.txt SC 13D ------------------------------- OMB APPROVAL ------------------------------- OMB Number: 3235-0145 Expires: December 31, 2005 Estimated average burden hours per response ......... 15 ------------------------------- UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 ---------------- SCHEDULE 13D Under the Securities Exchange Act of 1934 (Amendment No.__) Procyon Corporation - -------------------------------------------------------------------------------- (Name of Issuer) Common Stock - -------------------------------------------------------------------------------- (Title of Class of Securities) 742806 30 0 - -------------------------------------------------------------------------------- (CUSIP Number) Justice W. Anderson 1300 S. Highland Avenue Clearwater, Florida 33756 (727) 447-2998 - -------------------------------------------------------------------------------- (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) April 12, 2007 - -------------------------------------------------------------------------------- (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 ---------------------------------------- (Date) /s/ Justice W. Anderson ---------------------------------------- (Signature) Justice W. Anderson - Trustee, John C. Anderson Trust ---------------------------------------- (Name/Title) Attention. Intentional misstatements or omissions of fact constitute federal criminal violations (see 18 U.S.C. 1001). -----END PRIVACY-ENHANCED MESSAGE-----