UNIVERSAL CORP /VA/ — Director's Dealing 2007

May 8, 2007

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: UNIVERSAL CORP /VA/ (UVV)
CIK: 0000102037
Period of Report: 2007-03-31

Reporting Person: PEEBLES ROBERT (Controller)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	3672	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Rights	$36.03	2016-06-13	Common Stock (8000)	8000	Direct
Options to Buy Common Stock	$46.34	2015-05-23	Common Stock (6000)	6000	Direct

Footnotes

F1: includes 3,500 shares of restricted stock units and 172 dividend units accumulated on the restricted stock units.
The restricted stock units and the dividend 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 code Section 162(m) on the
date of vesting.

F2: Options issued under Universal Corporation's 2002 Executive Stock Plan.

F3: 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 fur 3 such periods.