<PAGE>
FORM 4
/ / Check this box if no longer
subject to Section 16.
Form 4 or Form 5 obligations
may continue. See instruction 1(b).
U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934, Section
17(a) of the Public Utility Holding Company Act of 1935 or
Section 30(f) of the Investment Company Act of 1940
1. Name and Address of Reporting Person
Dearlove A. James
- -------------------------------------------------------
(Last) (First) (Middle)
Penn Virginia Corporation
One Radnor Corporate Center, Suite 200
100 Matsonford Road
- -------------------------------------------------------
(Street)
Radnor PA 19087
- -------------------------------------------------------
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PENN VIRGINIA CORPORATION (PVA)
3. Statement for Month/Year
September 1997
4. If Amendment, Date of Original (Month/Year)
5. Relationship of Reporting Person to Issuer
(Check if applicable)
__X__ Director _____ 10% Owner
__X__ Officer (Give title below) _____ Other (specify below)
President and Chief Executive Officer
-------------------------------------
6. Individual or Joint/Group Filing
(Check applicable line)
__X_ Form filed by one Reporting Person
____ Form filed by more than one Reporting Person
<TABLE>
Table I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
<CAPTION>
3. Transaction
2. Transaction Code
Date -----------
1. Title of Security (Mo/Day/Yr) Code V
- ----------------------------- -------------- ---- ---
<S> <C> <C> <C>
common stock $6.25 par value Sept. 11, 1997 P ---
4. Securities Acquired (A)
or Disposed of (D)
---------------------------
(A) or
1. Title of Security Amount (D) Price
- ----------------------------------- ------ ------- --------
<S> <C> <C> <C>
common stock $6.25 par value 100 A $29.50
6. Ownership
5. Amount of Form
Securities Direct Nature of
Beneficially (D) or Indirect
Owned at Indirect Beneficial
1. Title of Security End of Month (I) Ownership
- ------------------------ ------------ -------- ----------
<S> <C> <C> <C>
common stock $6.25 par value 10,700(1) D ---
</TABLE>
<PAGE>
<TABLE>
Table II -- Derivative Securities Acquired, Disposed of, or
Beneficially Owned (e.g., puts, calls, warrants, options,
convertible securities)
<CAPTION>
2. Conversion or
Exercise Price 3. Transaction
1. Title of Derivative of Derivative Date
Security Security (Mo/Day/Yr)
- ----------------------------- ------------------ ------------
<S> <C> <C>
None None None
5. Number of
Derivatives
Securities
Acquired
(A) or
4. Transaction Disposed
Code (D) of
1. Title of Derivative ------------------ -----------
Security Code V (A) (D)
- ----------------------------- --------- ------ ----- -----
<S> <C> <C> <C> <C>
None None None None None
6. Date Exer-
ciasable and 7. Title and
Expiration Amount of
Date Underlying
(Mo/Day/Yr) Securities
------------------ ---------------
Date Expira- Amount or
1. Title of Derivative Exer- tion Number
Security cisable Date Title of Shares
- ----------------------------- ------- -------- ----- ---------
<S> <C> <C> <C> <C>
None None None None None
9. Number of
Derivative
Securities
Beneficially
8. Price of Owned at
1. Title of Derivative Derivative End of
Security Security Month
- ----------------------------- ------------------ ------------
<S> <C> <C>
None None None
10. Ownership
Form of
Derivative
Security 11. Nature of
Direct (D) Indirect
1. Title of Derivative of Indirect Beneficial
Security (I) Ownership
- ----------------------------- ------------------ -----------
<S> <C> <C>
None None None
</TABLE>
Explanation of Responses:
(1) On August 15, 1997, the common stock of Penn Virginia
Corporation split 2-for-1 resulting in the reporting
person's acquisition of 5,300 additional shares of common
stock.
Intentional misstatements or
omissions of facts constitute
Federal Criminal Violations.
A. James Dearlove October 8, 1997
- ----------------------------- ----------------
Signature of Reporting Person Date
By: /s/ Nancy M. Snyder, Esq.
------------------------
Nancy M. Snyder, Esq.
Corporate Secretary
Authorized Signer
LIMITED POWER OF ATTORNEY
-------------------------
KNOW ALL MEN BY THESE PRESENTS, that the undersigned
individual, A. James Dearlove, does hereby appoint Nancy M.
Snyder as his true and lawful attorney to execute and deliver for
him and in his name all Forms 3, 4 and 5 filed on behalf of the
undersigned pursuant to Section 16 of the Securities Exchange Act of 1934.
The undersigned hereby ratifies and confirms all that said
attorney shall do by virtue of the powers granted hereby. The
undersigned does hereby indemnify such attorney, and holds such
attorney harmless, from all claims which may be made against the
undersigned as a result of her serving as the undersigned's
attorney except to the extent that such claims result from her
willful misconduct.
This Power of Attorney shall terminate immediately upon the
undersigned's written revocation hereof.
IN WITNESS WHEREOF, and intending to be legally bound, the
undersigned has executed and delivered this Power of Attorney
this 8th day of October, 1997.
/s/ A. James Dearlove
-------------------------
A. James Dearlove
October 8, 1997
VIA EDGAR
- ---------
Securities and Exchange Commission
450 5th Street, N.W.
Washington, D.C. 20549
Gentlemen:
I hereby revoke authorization for Beverly Cole McGuire to
act as my agent for matters of signing and filing Forms 3, 4 and
5 effective immediately.
Sincerely,
/s/ A. James Dearlove
-------------------------
A. James Dearlove
President and Chief Executive Officer
