UNIVERSAL CORP /VA/ — Director's Dealing 2010

Apr 26, 2010

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: UNIVERSAL CORP /VA/ (UVV)
CIK: 0000102037
Period of Report: 2010-03-31

Reporting Person: FREEMAN GEORGE C III (Chairman, President & CEO)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	60453	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Appreciation Rights	$36.03	2016-06-13	common stock (5000)	5000	Direct
Stock Appreciation Rights	$62.66	2017-05-24	common stock (31800)	31800	Direct
Stock Appreciation Rights	$51.32	2018-05-28	common stock (24200)	24200	Direct
Stock Appreciation Rights	$35.30	2019-05-27	common stock (60000)	60000	Direct
Options to by Common Stock	$47.28	2012-12-05	Common Stock (4144)	4144	Direct
Options to by Common Stock	$48.21	2012-12-05	Common Stock (5671)	5671	Direct

Footnotes

F1: the amount includes 35,500 retricted stock units and 3112 dividend units on the restricted stock units. The rstricted 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 the individual is a covered employee under code section 162(m) on the date of vesting.

F2: after a 12 month perod of the grant date, 1/3 total shares are exercisable and an additional 1/3 for each anniversary date after that for 3 such periods.

F3: options issued under the executive stock plan.