-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
Originator-Key-Asymmetric:
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
 KepUYSnaCv417gY78lAtp/4xkjuICLGT0EPYo+vCWfSD4g96Dh3QdErFREkp1lDf
 qcd2hJnxYa9dbCtMcnK6/w==

<SEC-DOCUMENT>0001000096-07-000377.txt : 20071129
<SEC-HEADER>0001000096-07-000377.hdr.sgml : 20071129
<ACCEPTANCE-DATETIME>20071129164116
ACCESSION NUMBER:		0001000096-07-000377
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20071127
FILED AS OF DATE:		20071129
DATE AS OF CHANGE:		20071129

ISSUER:		

	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

	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

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			SLOWGROVE JEFFREY S
		CENTRAL INDEX KEY:			0001033686

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-17449
		FILM NUMBER:		071275330

	BUSINESS ADDRESS:	
		STREET 1:		26750 US HIGHWAY 19 N #500
		STREET 2:		C/O INFORMATION MANAGEMENT RESOURCES INC
		CITY:			CLEARWATER
		STATE:			FL
		ZIP:			34621
		BUSINESS PHONE:		8137977080

	MAIL ADDRESS:	
		STREET 1:		C/O INFORMATION MANAGEMENT RESOURCES INC
		STREET 2:		26750 US HIGHWAY N #500
		CITY:			CLEARWATER
		STATE:			FL
		ZIP:			34621
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4slowgrove_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2007-11-27</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000812306</issuerCik>
        <issuerName>PROCYON CORP</issuerName>
        <issuerTradingSymbol>PCYN</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001033686</rptOwnerCik>
            <rptOwnerName>SLOWGROVE JEFFREY S</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1925 DIAMOND COURT</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>OLDSMAR</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
            <rptOwnerZipCode>34677</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2007-11-27</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>110000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>.45</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>596200</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeHolding>
            <securityTitle>
                <value>Common stock options</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>0.1594</value>
            </conversionOrExercisePrice>
            <exerciseDate>
                <value>2000-11-18</value>
            </exerciseDate>
            <expirationDate>
                <value>2010-11-18</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>10000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>10000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </derivativeHolding>
    </derivativeTable>

    <ownerSignature>
        <signatureName>/s/  Jeffrey Slowgrove</signatureName>
        <signatureDate>2007-11-28</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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