UNIVERSAL CORP /VA/ — Director's Dealing 2008

Jun 3, 2008

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNIVERSAL CORP /VA/ (UVV)
CIK: 0000102037
Period of Report: 2008-05-28

Reporting Person: WHELAN KAREN M L (Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-05-28	Common Stock-restricted stock units	A	1600	$51.32	Acquired	50034	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2008-05-28	Stock Appreciation Right	$51.32	A	6400	Acquired	2018-05-28	Common Stock (6400)	Direct

Footnotes

F1: awarded 1600 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 is exercisable and an addtiional 1/3 for each anniversary date
after for 3 such periods.