UNIVERSAL CORP /VA/ — Director's Dealing 2008

May 2, 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: FREEMAN GEORGE C III (Director, President & CEO)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	34703	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Options to buy common stock	$47.28	2012-12-05	Common Stock (4144)	4144	Direct
Options to buy common stock	$48.21	2012-12-05	Common Stock (5671)	5671	Direct
Stock Appreciation Rights	$36.03	2016-06-13	Common Stock (10667)	10667	Direct
Stock Appreciation Rights	$62.66	2017-05-24	Common Stock (31800)	31800	Direct

Footnotes

F1: includes 14,450 restricted stock units and 745 dividend units accumulated on the restricted stock units. The restricted
stock units and 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: after a 12 month period of the grant date, 1/3 of total shares is exercisable and an additional 1/3 for each aniversary date
after that for 3 such periods.

F3: options issued under the executive stock plan