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: KING ALLEN B (Director, Chairman & CEO)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	182907	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Options to buy Common Stock	$47.28	2012-12-05	Common Stock (15928)	15928	Direct
Options to buy Common Stock	$48.21	2012-12-05	Common Stock (64908)	64908	Direct
Options to buy Common Stock	$46.34	2015-05-23	Common Stock (70000)	70000	Direct
Stock Appreciation Rights	$36.03	2016-06-13	Common Stock (70000)	70000	Direct

Footnotes

F1: Includes 35,000 shares of restricted stock units and 1832 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 Section 162(m) on the date of vesting.

F2: options issued under the 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 for 3 such periods.