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: SHEEHAN JEREMIAH J (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2008-03-31	Common Stock-Div. Reinvestment Plan	I	209	—	Acquired	968	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1000	Indirect
Common Stock	6250	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Option to Buy Common Stock	$37.125	2008-10-28	Common Stock (1000)	1000	Direct
Options to Buy Common Stock	$21.8125	2009-10-27	Common Stock (1000)	1000	Direct
Options to Buy Common Stock	$28.75	2010-10-24	Common Stock (1000)	1000	Direct
Options to Buy Common Stock	$32.22	2011-10-24	Common Stock (1000)	1000	Direct
Options to Buy Common Stock	$35.81	2012-10-23	Common Stock (2000)	2000	Direct
Options to Buy Common Stock	$43.12	2013-10-28	Common Stock (2000)	2000	Direct
Options to Buy Common Stock	$46.70	2014-08-05	Common Stock (2000)	2000	Direct
Deferred stock units 1 for 1	$		Common Stock (6826.4190)	6826.4190	Direct

Footnotes

F1: acquired 4/1/07 through 3/31/08 in the Dividend Reinvestment Plan

F2: shares were granted for service as a director. Transfer of shares is prohibited and the shares may be forfeited to the
Company unless certain specified conditions are met.

F3: grant to director of options to buy shares of common stock under the universal corporation 2002
executive stock plan

F4: the deferred stock units are held under the outside directors' deferred income plan. Each deferred stock unit will be
settled
in cash based upon a fixed date payout election or upon death, disability or termination of service, or earlier pursuant to
the terms on the plan.