UNIVERSAL CORP /VA/ — Director's Dealing 2008

May 5, 2008

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: UNIVERSAL CORP /VA/ (UVV)
CIK: 0000102037
Period of Report: 2008-03-31

Reporting Person: ROPER HARTWELL H (Vice President & CFO)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	33725	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Rights	$36.03	2016-06-13	Common Stock (11667)	11667	Direct
Stock Appreciation Rights	$62.66	2017-05-24	Common Stock (17200)	17200	Direct

Footnotes

F1: includes 13,100 restricted stock
units and 884 dividend units accumulated on the restricted stock. 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: 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.