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: FREEMAN GEORGE C III (President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2007-05-24	Common Stock-restricted stock units	A	7950	$62.66	Acquired	30130	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2007-05-24	Stock Appreciation Right	$62.66	A	31800	Acquired	2017-05-24	Common Stock (31800)	Direct

Footnotes

F1: awarded 7,950 restricted stock units. The restricted stock units vest on the fifth anniversary of the award date, however
payment will be delayed until termination of service if individual is a covered employee under Section 162(m) on the date of
vesting.

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