Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
O BRATE CECIL
2. Issuer Name and Ticker or Trading Symbol
POSITRON CORP [POSC.OB]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)

3118 N. CUMMINGS ROAD, P.O. BOX 399
3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2014
(Street)


GARDEN CITY, KS 67846
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Reporting
(check applicable line)

_X_ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common Stock 04/01/2014   P4 950 (1) A $ 2.8 (1) 1,023,879 (1) D  
Common Stock 04/01/2014   P4 3,275 (1) A $ 2.6 (1) 1,027,154 (1) D  
Common Stock 04/04/2014   P4 203 (1) A $ 2.6 (1) 1,027,357 (1) D  
Common Stock 04/11/2014   P4 484 (1) A $ 2.6 (1) 1,027,841 (1) D  
Common Stock 04/14/2014   P4 25 (1) A $ 2.6 (1) 1,027,866 (1) D  
Common Stock 04/17/2014   P4 530 (1) A $ 2.6 (1) 1,028,396 (1) D  
Common Stock 04/17/2014   P4 1,250 (1) A $ 2.8 (1) 1,029,646 (1) D  
Common Stock 04/17/2014   P4 35 (1) A $ 2.6 (1) 1,029,681 (1) D  
Common Stock 05/12/2014   P4 2,500 (1) A $ 2.4 (1) 1,032,181 (1) D  
Common Stock 05/15/2014   P4 63 (1) A $ 2.6 (1) 1,032,244 (1) D  
Common Stock 05/15/2014   P4 650 (1) A $ 2.76 (1) 1,032,894 (1) D  
Common Stock 05/15/2014   P4 538 (1) A $ 2.8 (1) 1,033,431 (1) D  
Common Stock 05/16/2014   C 1,041,667 (1) (2) A $ 1.44 (1) 2,075,098 (1) D  
Common Stock 05/19/2014   P4 25 (1) A $ 2.72 (1) 2,075,123 (1) D  
Common Stock 05/19/2014   P4 225 (1) A $ 2.76 (1) 2,075,348 (1) D  
Common Stock 05/19/2014   P4 1,250 (1) A $ 2.6 (1) 2,076,598 (1) D  
Common Stock 05/22/2014   P4 1,000 (1) A $ 2.4 (1) 2,077,598 (1) D  
Common Stock 05/29/2014   P4 1,500 (1) A $ 2.4 (1) 2,079,098 (1) D  
Common Stock 05/30/2014   P4 1,154 (1) A $ 2.72 (1) 2,080,252 (1) D  
Common Stock 05/30/2014   P4 375 (1) A $ 2.36 (1) 2,080,627 (1) D  
Common Stock 05/30/2014   P4 231 (1) A $ 2.4 (1) 2,080,858 (1) D  
Common Stock 05/30/2014   P4 159 (1) A $ 2.56 (1) 2,081,017 (1) D  
Common Stock 05/30/2014   P4 456 (1) A $ 2.6 (1) 2,081,473 (1) D  
Common Stock 05/30/2014   P4 2,971 (1) A $ 2 (1) 2,084,444 (1) D  
Common Stock 06/13/2014   P4 300 (1) A $ 2 (1) 2,084,744 (1) D  
Common Stock 06/17/2014   P4 250 (1) A $ 2 (1) 2,084,994 (1) D  
Common Stock 06/23/2014   P4 1,000 (1) A $ 2 (1) 2,085,994 (1) D  
Common Stock 06/24/2014   P4 135 (1) A $ 2 (1) 2,086,129 (1) D  
Common Stock 06/25/2014   P4 208 (1) A $ 1.96 (1) 2,086,337 (1) D  
Common Stock 06/25/2014   P4 261 (1) A $ 2 (1) 2,086,598 (1) D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 2270 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
O BRATE CECIL
3118 N. CUMMINGS ROAD, P.O. BOX 399
GARDEN CITY, KS 67846
    X    

Signatures

/s/ Cecil O'Brate 07/27/2015
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(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).
(1) The number of shares and prices listed in Items 4 and 5 refer to the current number of shares and prices after a reverse split of the issuer's common stock, par value $0.0001 per share, on a 1 for 400 basis, which was made effective on April 8, 2015 (the "Reverse Stock Split"). This Form 5 is intended to correct errors to previously filed reports and to disclose all omitted open market transactions.
(2) These shares were originally reported on a Form 3 filed March 31, 2015. The reporting person acquired the shares through the conversion of a loan to shares on May 16, 2014. This transaction was previously reported as covering 416,666,667 shares but has been adjusted to reflect the Reverse Stock Split.
 
Remarks:
Form 2 of 3

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