Foundation Speer Form 3 PROCYON / FOUNDATION SPEER ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

SPEER FOUNDATION

(Last) (First) (Middle)

2535 SUCCESS DRIVE

(Street)

ODESSA FL 33556

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
07/01/2017

3. Issuer Name and Ticker or Trading Symbol
PROCYON CORP [ PCYN ]

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

5. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	1,600,000	D(1)(2)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

SPEER FOUNDATION

(Last) (First) (Middle)

2535 SUCCESS DRIVE

(Street)

ODESSA FL 33556

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Speer Lynnda L

(Last) (First) (Middle)

2535 SUCCESS DRIVE

(Street)

ODESSA FL 33556

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Speer Richard M.

(Last) (First) (Middle)

2535 SUCCESS DRIVE

(Street)

ODESSA FL 33556

(City) (State) (Zip)

Explanation of Responses:

1. The Roy M. Speer Foundation transferred all of its assets, including its shares of Procyon, to the Speer Foundation on July 1, 2017. This Form 3 is being filed late due to administrative oversight.

2. The reported securities are owned directly by the Speer Foundation (the "Foundation"). Lynnda L. Speer and Richard M. Speer indirectly own the reported securities due to their respective roles as co-trustees of the Foundation.

	/s/ Lynnda L. Speer, as Trustee	05/04/2020
	/s/ Richard M. Speer, as Trustee	05/04/2020
	/s/ Lynnda L. Speer	05/04/2020
	/s/ Richard M. Speer	05/04/2020
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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