UNIVERSAL CORP /VA/ — Director's Dealing 2010

Mar 24, 2010

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNIVERSAL CORP /VA/ (UVV)
CIK: 0000102037
Period of Report: 2010-03-23

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2010-03-23	Common Stock	M	5667	$36.03	Disposed	64787	Direct
2010-03-23	Common Stock	D	4334	$55.19	Disposed	60453	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2010-03-23	Stock Appreciation Rights	$36.03	M	5667	Disposed	2010-06-13	Common Stock (5667)	Direct

Footnotes

F1: This amount includes 35,500 restricted stock units and 3112 dividend units on the restricted stock units. The restricted 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.