UNIVERSAL CORP /VA/ — Director's Dealing 2011

Nov 30, 2011

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNIVERSAL CORP /VA/ (UVV)
CIK: 0000102037
Period of Report: 2011-11-29

Reporting Person: Moore David C (Sen. VP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2011-11-29	Common Stock	M	8000	$35.30	Acquired	60366	Direct
2011-11-29	Common Stock	D	6701	$46.42	Disposed	53665	Direct
2011-11-29	Common Stock	M	4000	$36.03	Acquired	57665	Direct
2011-11-29	Common Stock	D	3468	$46.42	Disposed	54197	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2011-11-29	Stock Appreciation Rights	$35.30	M	8000	Disposed	2019-05-27	Common Stock (8000)	Direct
2011-11-29	Stock Appreciation Rights	$36.03	M	4000	Disposed	2016-06-13	Common Stock (4000)	Direct

Footnotes

F1: includes 21,050 restricted stock units and 1,806 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 Sectio 162(m) on the date of vesting.

F2: after a 12 month period of the grant date, 1/3 of total shares is exercisable for each anniversary date after that for 3 such periods.