UNIVERSAL CORP /VA/ — Director's Dealing 2010

Jun 10, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNIVERSAL CORP /VA/ (UVV)
CIK: 0000102037
Period of Report: 2010-06-08

Reporting Person: WHELAN KAREN M L (VP & Treasurer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-06-08	common stock - restricted stock units	A	1950	$39.71	Acquired	55510	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-06-08	stock appreciation rights	$39.71	A	7800	Acquired	2020-06-08	Common Stock (7800)	Direct

Footnotes

F1: awarded 1950 restricted stock units. The restricted stock units vest on the fifth anniversary of the award date, however, payment will be delayed until termination if the individual is a covered employee under section 162(m) on the date of vesting.

F2: includes 12,400 restricted stock units and 1123 dividend units on the restricted stock.

F3: after a 12 month period of the grant date, 1/3 total shares are exercisable and an additional 1/3 for each anniversary date after for 3 such periods.