SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Schedule 13G
Under the Securities Exchange Act of 1934
(Amendment No. 2 )*
Penn Virginia Corporation
(Name of Issuer)
Common Stock, par value $6.25 per share
(Title of Class of Securities)
707882106
(CUSIP Number)
Check the following box if a fee is being paid with this statement [ ]. (A fee
is not required only if the filing person: (1) has a previous statement on file
reporting beneficial ownership of more than five percent of the class of
securities described in Item 1; and (2) has filed no amendment subsequent
thereto reporting beneficial ownership of five percent or less of such class.)
(See Rule 13d-7.)
* The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter the
disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
(Continued on the following page(s))
Page 1 of 5 Pages
<PAGE>
Page 2 of 5
CUSIP NO. 707882106
(1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of
Above Persons:
First Union Corporation of New Jersey 56-1948896
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
(3) SEC Use Only
(4) Citizenship or Place of Organization
New Jersey
<TABLE>
<CAPTION>
<S> <C> <C>
Number of Shares (5)Sole Voting Power 32,270
----------------- -------
Beneficially (6)Shared Voting Power 69,494
------------------- -------
Owned by Each (7)Sole Dispositive Power 0
---------------------- --------
Reporting Person With: (8)Shared Dispositive Power 177,166
------------------------ -------
</TABLE>
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
177,166
(10) Check if the Aggregate Amount in Row 9 Excludes Certain Shares (See
Instructions)
[ ]
Not applicable
(11) Percent of Class Represented by Amount in Row 9
4.15 %
(12) Type of Reporting Person (See Instructions)
First Union Corporation of New Jersey (HC)
<PAGE>
Page 3 of 5
CUSIP NO. 707882106
(1) Names of Reporting Persons S.S. or I.R.S. Identification Nos. of
Above Persons:
First Fidelity Incorporated 22-1894945
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
(a) [ ]
(b) [ ]
(3) SEC Use Only
(4) Citizenship or Place of Organization
New Jersey
<TABLE>
<CAPTION>
<S> <C> <C>
Number of Shares (5)Sole Voting Power 32,270
----------------- -------
Beneficially (6)Shared Voting Power 69,494
------------------- -------
Owned by Each (7)Sole Dispositive Power 0
---------------------- --------
Reporting Person With: (8)Shared Dispositive Power 177,166
------------------------ -------
</TABLE>
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
177,166
(10) Check if the Aggregate Amount in Row 9 Excludes Certain Shares (See
Instructions)
[ ]
Not applicable
(11) Percent of Class Represented by Amount in Row 9
4.15 %
(12) Type of Reporting Person (See Instructions)
First Fidelity Incorporated (HC)
<PAGE>
Page 4 of 5
Item 1(a) Name of Issuer
Penn Virginia Corporation
Item 1(b) Address of Issuer's Principal Executive Office
1 Radner Corporate Center Suite 200
Philadelphia, Pennsylvania 19087
Item 2(a) Name of Person Filing
First Union Corporation of New Jersey
Item 2(b) Address of Principal Office
550 Broad Street
Newark, New Jersey 07102
Item 2(c) Citizenship
New Jersey
Item 2(d) Title of Class of Securities
Common Stock, par value $6.25 per share
Item 2(e) CUSIP Number
707882106
Item 3 If this statement is filed pursuant to Rules 13d-1(b), or
13d-2(b), check whether the person filing is a
(g) [X] Parent Holding Company, in accordance with section
240.13d-1(b) (ii) (G)
Item 4 Ownership
<TABLE>
<CAPTION>
<S> <C>
(a) Amount Beneficially Owned: 177,166
(b) Percent of Class: 4.15 %
Number of shares as to which such person has:
(I) Sole power to vote or to direct the vote 32,270
-------
(ii) Shared power to vote or to direct the vote 69,494
-------
(iii) Sole power to dispose or to direct the disposition of 0
-------
(iv) Shared power to dispose or to direct the disposition of 177,166
-------
</TABLE>
Item 5 Ownership of Five Percent or Less of a Class
[X]
Item 6 Ownership of More Than Five Percent on Behalf of Another Person
Not applicable
<PAGE>
Page 5 of 5
Item 7 Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on by the Parent Holding Company
First Union Corporation of New Jersey ("FUNC-NJ") is filing this
schedule pursuant to Rule 13d-1(b)(ii)(G) as indicated under Item
3(g). FUNC-NJ is the successor to First Fidelity Bancorporation
("FFB") and is a wholly-owned subsidiary of First Union Corporation
("FUNC"). On January 1, 1996, FUNC acquired FFB pursuant to a merger
of FFB into FUNC-NJ. FUNC-NJ is filing this schedule for this period
ended December 31, 1995 on behalf of First Fidelity Bank, N.A.
("FFB-N.A."), which is a direct subsidiary of First Fidelity
Incorporated and an indirect subsidiary of FUNC-NJ. FFB-N.A. holds the
securities being reported in a fiduciary capacity for its customers
and/or as investment adviser for certain mutual funds.
Item 8 Identification and Classification of Members of the Group
Not applicable
Item 9 Notice of Dissolution of Group
Not applicable
Item 10 Certification
By signing below, I certify that, to the best of my knowledge and
belief, the securities referred to above were acquired in the ordinary
course of business and were not acquired for the purpose of and do not
have the effect of changing or influencing the control of the issuer
of such securities and were not acquired in connection with or as a
participant in any transaction having such purposes or effect.
Signature
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
Date: March 1, 1996
FIRST UNION CORPORATION OF NEW JERSEY successor corporation to FIRST FIDELITY
Bancorporation
Signature
Kent S. Hathaway, Senior Vice President
FIRST FIDELITY INCORPORATED
Signature
Kent S. Hathaway, Senior Vice President
