UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 5
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
( ) Form 3 Holdings Reported
( ) Form 4 Transactions Reported
1. Name and Address of Reporting Person
ZALZNECK, ROBERT J.
1501 NORTH HAMILTON STREET
RICHMOND, VA 23230
USA
2. Issuer Name and Ticker or Trading Symbol
UNIVERSAL CORPORATION
UVV
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
08/11/99
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner ( ) Officer (give title below) (X) Other
(specify below)
EXECUTIVE OFFICER
7. Individual or Joint/Group Reporting (Check Applicable Line)
(X) Form filed by One Reporting Person
( ) Form filed by More than One Reporting Person
<TABLE>
<CAPTION>
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
|Transaction| or Disposed of (D) | Securities |ect | Beneficial Ownership |
|Date |Code| | Beneficially |(D)or | |
| | | | A/| | Owned at |Indir | |
| | | Amount | D | Price | End of Year |ect(I)| |
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<S> <C> <C> <C> <C> <C> <C> <C> <C>
COMMON STOCK |6/30/9|I |859 |A | |22,674(1) |D | |
|9 | | | | | | | |
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COMMON STOCK |6/30/9|I |659 |A | |3,221(2) |I(3) | |
|9 | | | | | | | |
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| | | | | |-------- | | |
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| | | | |TOTAL |25,895 | | |
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<CAPTION>
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer |Date |Code| rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise Pr | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|ice of | | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity | | | Amount | |ble | | | |Year |(I)| |
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<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
OPTIONS TO BUY COMMON ST|$17.875 | | | | |12/8/|12/7/|COMMON STOCK| | |3,000 |D | |
OCK | | | | | |90 |99 |(4) | | | | | |
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OPTIONS TO BUY COMMON ST|$29.375 | | | | |6/5/9|12/1/|COMMON STOCK| | |3,968 |D | |
OCK | | | | | |7 |04 |(4) | | | | | |
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OPTIONS TO BUY COMMON ST|$35.3125| | | | |12/15|12/1/|COMMON STOCK| | |5,552 |D | |
OCK | | | | | |/98 |04 |(4) | | | | | |
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OPTIONS TO BUY COMMON ST|$35.3125| | | | |12/15|12/4/|COMMON STOCK| | |6,598 |D | |
OCK | | | | | |/98 |01 |(4) | | | | | |
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OPTIONS TO BUY COMMON ST|$35.375 | | | | |12/6/|12/1/|COMMON STOCK| | |4,711 |D | |
OCK | | | | | |97 |04 |(4) | | | | | |
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OPTIONS TO BUY COMMON ST|$38.94 | | | | |6/15/|11/20|COMMON STOCK| | |25,000 |D | |
OCK | | | | | |98 |/07 |(4) | | | | | |
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OPTIONS TO BUY COMMON ST|$40.1875| | | | |6/8/9|12/1/|COMMON STOCK| | |6,267 |D | |
OCK | | | | | |8 |04 |(4) | | | | | |
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OPTIONS TO BY COMMON STO|$33.25 | | | | |6/15/|12/4/|COMMON STOCK| | |13,455 |D | |
CK | | | | | |99 |01 |(4) | | | | | |
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OPTIONS TO BUY COMMON ST|$28.5625| | | | |12/15|12/4/|COMMON STOCK| | |6,849 |D | |
OCK | | | | | |/99 |01 |(4) | | | | | |
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PHANTOM STOCK UNITS |1 FOR 1 |(5) |A |39.990 |A |(5) |(5) |COMMON STOCK|39.990 |(5) |1,825.572 |D | |
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</TABLE>
Explanation of Responses:
(1)INCLUDES 859 SHARES PREVIOUSLY OWNED INDIRECTLY THROUGH THE STOCK PURCHASE
PLAN
(2)INCLUDES 659 SHARES ACQUIRED FROM 7/1/98 THROUGH 6/30/99 IN THE STOCK
PURCHASE PLAN
(3)SHARES HELD IN THE STOCK PURCHASE
PLAN
(4)OPTIONS ISSUED UNDER THE EXECUTIVE STOCK
PLAN
(5)THE PHANTOM STOCK UNITS WERE ACQUIRED UNDER THE UNIVERSAL LEAF TOBACCO
COMPANY,
INCORPORATED SUPPLEMENTAL STOCK PURCHASE PLAN ON A PERIODIC
BASIS
DURING THE FISCAL YEAR ENDED JUNE 30,1999. EACH PHANTOM STOCK UNIT WILL BE
SETTLED IN CASH
UPON THE EARLIER OF DEATH, DISABILITY, RETIREMENT OR TERMINATION OF EMPLOYMENT.
THE RANGE OF
HIGH AND LOW MARKET PRICES FOR THE COMPANY'S COMMON STOCK ON THE DATES THE
PHANTOM UNITS
WERE CREDITED IS $37.3125 AND
$23.875.
SIGNATURE OF REPORTING PERSON
ROBERT J. ZALZNECK,SIGNATURE OF FILE, FILED ELECTRONICALLY
DATE
AUGUST 11, 1999
