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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 EfI62rNxua29WMJ871R5VaBC/c2CbWEasm8YWvNBBtaGlT4lmxHpqh0JMfTcqelG
 a+biqDKMjlR0faOW7bwzEA==

<SEC-DOCUMENT>0001000096-08-000393.txt : 20081211
<SEC-HEADER>0001000096-08-000393.hdr.sgml : 20081211
<ACCEPTANCE-DATETIME>20081211160854
ACCESSION NUMBER:		0001000096-08-000393
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20081211
FILED AS OF DATE:		20081211
DATE AS OF CHANGE:		20081211

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:			FOLEY MICHAEL TIMOTHY
		CENTRAL INDEX KEY:			0001399505

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-17449
		FILM NUMBER:		081243661

	BUSINESS ADDRESS:	
		BUSINESS PHONE:		7275950816

	MAIL ADDRESS:	
		STREET 1:		2284 KINGS POINT DRIVE
		CITY:			LARGO
		STATE:			FL
		ZIP:			33774
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4foley_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-12-11</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

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

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001399505</rptOwnerCik>
            <rptOwnerName>FOLEY MICHAEL TIMOTHY</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>2284 KINGS POINT DRIVE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>LARGO</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
            <rptOwnerZipCode>33774</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>2008-12-11</value>
            </transactionDate>
            <deemedExecutionDate>
                <value>2008-12-11</value>
            </deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>70000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>.15</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>210000</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>D</value>
                </directOrIndirectOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <ownerSignature>
        <signatureName>/s/   Michael T. Foley</signatureName>
        <signatureDate>2008-12-11</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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