UNIVERSAL CORP /VA/ — Director's Dealing 2008

May 1, 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: FARRELL JOSEPH C (Director)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	6250	Direct
Common Stock	14330	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
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 (2557.0972)	2557.0972	Direct

Footnotes

F1: 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.

F2: grant to director of options to buy common stock under the universal corporation 2002
executive stock plan.

F3: 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 of upon death, disability or termination of service, or earlier pursuant to
the terms of the plan.