UNIVERSAL CORP /VA/ — Director's Dealing 2012

May 3, 2012

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: UNIVERSAL CORP /VA/ (UVV)
CIK: 0000102037
Period of Report: 2012-03-31

Reporting Person: Paul Ray M Jr (Subsidiary Officer)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common stock	36422	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
stock appreciation rights	$62.66	2017-05-24	Common stock (11200)	11200	Direct
stock appreciation rights	$51.32	2018-05-28	Common stock (7200)	7200	Direct
stock appreciation rights	$35.30	2019-05-27	Common stock (5268)	5268	Direct
stock appreciation rights	$39.71	2020-06-08	Common stock (9000)	9000	Direct
stock appreciation rights	$37.86	2021-06-07	Common stock (11200)	11200	Direct

Footnotes

F1: includes 13,600 restricted stock units and 1,753 dividend units on the restricted stock. 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 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 of total shares are exercisable for each aniversary date after that for 3 such periods.