UNIVERSAL CORP /VA/ — Director's Dealing 2007

May 29, 2007

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNIVERSAL CORP /VA/ (UVV)
CIK: 0000102037
Period of Report: 2007-05-24

Reporting Person: PEEBLES ROBERT (Controller)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-24	Common Stock-restricted stock units	A	1800	$62.66	Acquired	5472	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-05-24	Stock Appreciation Right	$62.66	A	7200	Acquired	2017-05-24	Common Stock (7200)	Direct

Footnotes

F1: awarded 1,800 restricted stock units. The restricted stock units vest on the fifth anniversary of the award date, however
payment will be delayed until termination if individual is a covered employee under Section 162(m) on the date of the
vesting.

F2: after a 12 month period of the grant date, 1/3 of total shares are exercisable and an additional 1/3 for each anniversary
date after for 3 such periods