Annual Statement of Changes in Beneficial Ownership (5)

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
[ X ] Form 4 Transactions Reported

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

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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

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 (MM/DD/YYYY) 12/31/2014
(Street) GARDEN CITY, KS 67846 (City) (State) (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _ X _ Form Filed by One Reporting Person ___ Form Filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)	4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1.Title of Security (Instr. 3)	2. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. Code (Instr. 8)	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	4/1/2014		P4	950 ⁽¹⁾	A	$2.80 ⁽¹⁾	1023879 ⁽¹⁾	D
Common Stock	4/1/2014		P4	3275 ⁽¹⁾	A	$2.60 ⁽¹⁾	1027154 ⁽¹⁾	D
Common Stock	4/4/2014		P4	203 ⁽¹⁾	A	$2.60 ⁽¹⁾	1027357 ⁽¹⁾	D
Common Stock	4/11/2014		P4	484 ⁽¹⁾	A	$2.60 ⁽¹⁾	1027841 ⁽¹⁾	D
Common Stock	4/14/2014		P4	25 ⁽¹⁾	A	$2.60 ⁽¹⁾	1027866 ⁽¹⁾	D
Common Stock	4/17/2014		P4	530 ⁽¹⁾	A	$2.60 ⁽¹⁾	1028396 ⁽¹⁾	D
Common Stock	4/17/2014		P4	1250 ⁽¹⁾	A	$2.80 ⁽¹⁾	1029646 ⁽¹⁾	D
Common Stock	4/17/2014		P4	35 ⁽¹⁾	A	$2.60 ⁽¹⁾	1029681 ⁽¹⁾	D
Common Stock	5/12/2014		P4	2500 ⁽¹⁾	A	$2.40 ⁽¹⁾	1032181 ⁽¹⁾	D
Common Stock	5/15/2014		P4	63 ⁽¹⁾	A	$2.60 ⁽¹⁾	1032244 ⁽¹⁾	D
Common Stock	5/15/2014		P4	650 ⁽¹⁾	A	$2.76 ⁽¹⁾	1032894 ⁽¹⁾	D
Common Stock	5/15/2014		P4	538 ⁽¹⁾	A	$2.80 ⁽¹⁾	1033431 ⁽¹⁾	D
Common Stock	5/16/2014		C	1041667 ⁽¹⁾ ⁽²⁾	A	$1.44 ⁽¹⁾	2075098 ⁽¹⁾	D
Common Stock	5/19/2014		P4	25 ⁽¹⁾	A	$2.72 ⁽¹⁾	2075123 ⁽¹⁾	D
Common Stock	5/19/2014		P4	225 ⁽¹⁾	A	$2.76 ⁽¹⁾	2075348 ⁽¹⁾	D
Common Stock	5/19/2014		P4	1250 ⁽¹⁾	A	$2.60 ⁽¹⁾	2076598 ⁽¹⁾	D
Common Stock	5/22/2014		P4	1000 ⁽¹⁾	A	$2.40 ⁽¹⁾	2077598 ⁽¹⁾	D
Common Stock	5/29/2014		P4	1500 ⁽¹⁾	A	$2.40 ⁽¹⁾	2079098 ⁽¹⁾	D
Common Stock	5/30/2014		P4	1154 ⁽¹⁾	A	$2.72 ⁽¹⁾	2080252 ⁽¹⁾	D
Common Stock	5/30/2014		P4	375 ⁽¹⁾	A	$2.36 ⁽¹⁾	2080627 ⁽¹⁾	D
Common Stock	5/30/2014		P4	231 ⁽¹⁾	A	$2.40 ⁽¹⁾	2080858 ⁽¹⁾	D
Common Stock	5/30/2014		P4	159 ⁽¹⁾	A	$2.56 ⁽¹⁾	2081017 ⁽¹⁾	D
Common Stock	5/30/2014		P4	456 ⁽¹⁾	A	$2.60 ⁽¹⁾	2081473 ⁽¹⁾	D
Common Stock	5/30/2014		P4	2971 ⁽¹⁾	A	$2.00 ⁽¹⁾	2084444 ⁽¹⁾	D
Common Stock	6/13/2014		P4	300 ⁽¹⁾	A	$2.00 ⁽¹⁾	2084744 ⁽¹⁾	D
Common Stock	6/17/2014		P4	250 ⁽¹⁾	A	$2.00 ⁽¹⁾	2084994 ⁽¹⁾	D
Common Stock	6/23/2014		P4	1000 ⁽¹⁾	A	$2.00 ⁽¹⁾	2085994 ⁽¹⁾	D
Common Stock	6/24/2014		P4	135 ⁽¹⁾	A	$2.00 ⁽¹⁾	2086129 ⁽¹⁾	D
Common Stock	6/25/2014		P4	208 ⁽¹⁾	A	$1.96 ⁽¹⁾	2086337 ⁽¹⁾	D
Common Stock	6/25/2014		P4	261 ⁽¹⁾	A	$2.00 ⁽¹⁾	2086598 ⁽¹⁾	D

*Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g.* , puts, calls, warrants, options, convertible securities)**
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. 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 (MM/DD/YYYY)		7. Title and Amount of Securities Underlying Derivative Security (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)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. Code (Instr. 8)	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:
( 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

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	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		7/27/2015
^** 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 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).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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.

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