<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
Cadigan John D.
- -------------------------------------------------------
(Last) (First) (Middle)
300 Harbor Building
100 Second Avenue, South
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(Street)
Edmonds WA 98020
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(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PENN VIRGINIA CORPORATION (PVA)
3. Statement for Month/Year
May 1998
4. If Amendment, Date of Original (Month/Year)
5. Relationship of Reporting Person to Issuer
(Check if applicable)
__X__ Director _____ 10% Owner
_____ Officer (Give title below) _____ Other (specify below)
_________________________________
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 5/4/98 S ---
Common Stock $6.25 par value 5/4/98 S ---
Common Stock $6.25 par value 5/1/98 S ---
Common Stock $6.25 par value 5/5/98 A ---
- ---- ------ -- ---
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 4,000 D $27.875 <F1>
Common Stock $6.25 par value 4,000 D $27.875 <F1>
Common Stock $6.25 par value 1,000 D $28.5625 <F1>
Common Stock $6.25 par value 600 A $28.0625
- ---- --- -- ----
6. Ownership
5. Amount of Form
Securities Direct
Beneficially (D) or
owned at Indirect
1. Title of Security End of Month (I)
- ----------------------------------- ------------ ---------
<S> <C> <C>
Common Stock $6.25 par value 11,700 I
Common Stock $6.25 par value 10,000 I
Common Stock $6.25 par value 2,515 I
Common Stock $6.25 par value 2,886 D
58,084 I
7. Nature of
Indirect
Beneficial
1. Title of Security Ownership
- ----------------------------------- ----------
<S> <C>
Common Stock $6.25 par value <F2>
Common Stock $6.25 par value <F3>
Common Stock $6.25 par value <F4>
Common Stock $6.25 par value ----
- ---- <F5>
</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>
Nonqualified Stock Options $29.50 1/2/98
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>
Nonqualified Stock Options A V 200 ---
6. Date Exer-
ciasable and
Expiration
Date
(Mo/Day/Yr)
------------------
Date Expira-
1. Title of Derivative Exer- tion
Security cisable Date
- ----------------------------- ------- --------
<S> <C> <C>
Nonqualified Stock Options 1/2/99 1/1/08
7. Title and Amount of
Underlying Securities
-------------------------------
1. Title of Derivative Amount or Number
Security Title of Shares
- -------------------------- ---------------- -------------
<S> <C> <C>
Nonqualified Stock Options Common Stock 200
($6.25 par
value)
9. Number of
Derivative
Securities
Beneficially
8. Price of Owned at
1. Title of Derivative Derivative End of
Security Security Month
- ----------------------------- ------------------ ------------
<S> <C> <C>
Nonqualified Stock Options -0- 10,600 <F6>
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>
Nonqualified Stock Options D ---
</TABLE>
Explanation of Responses.
[FN]
<F1> Reflects average price
<F2> By Campbell Investment Company
<F3> By Rio Petrol, Inc.
<F4> By Robert R. Walker
<F5> Includes all shares described herein and additional shares
held (a) in Reporting Person's Keogh Account or IRA (b) by
Cadigan Corp. and (c) by an estate of which Reporting
Person is the beneficiary and other accounts in respect to
which Reporting Person shares voting or investment power
and in which the Reporting Person has a pecuniary interest.
<F6> On August 15, 1997, the common stock of Penn Virginia
Corporation split 2-for-1 resulting in the Reporting
Person's acquisition of options for an additional 5,200
shares of common stock.
</FN>
Intentional misstatements or
omissions of facts constitute
Federal Criminal Violations.
John D Cadigan June 5, 1998
- ----------------------------- ----------------
Signature of Reporting Person Date
By: /s/ Nancy M. Snyder
------------------------
Nancy M. Snyder
General Counsel and Corporate Secretary
Authorized Signer
