<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
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(Last) (First) (Middle)
One Radnor Corporate Center, Suite 200
100 Matsonford Road
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(Street)
Radnor PA 19087
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(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PENN VIRGINIA CORPORATION (PVA)
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3. Statement for Month/Year
January 1998
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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
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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 1/26/98 M ---
Common Stock $6.25 par value 1/26/98 J* ---
4. Securities Acquired (A)
or Disposed of (D)
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(A) or
1. Title of Security Amount (D) Price
- ----------------------------------- ------ ------- --------
<S> <C> <C> <C>
Common Stock $6.25 par value 5,000 A 21.375
Common Stock $6.25 par value 4,190 D 28.094
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 24,063 D
Common Stock $6.25 par value 24,063 D
7. Nature of
Indirect
Beneficial
1. Title of Security Ownership
- ----------------------------------- ----------
<S> <C>
Common Stock $6.25 par value ---
Common Stock $6.25 par value ---
</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 --- ---
5. Number of
Derivatives
Securities
Acquired
(A) or
1. Title of Derivative 4. Transaction Disposed
Security Code (D) of
- ----------------------------- ------------------ -----------
<S> <C> <C>
None --- ---
6. Date Exer-
ciasable and 7. Title and
Exercise Price Expiration Amount of
1. Title of Derivative Date Underlying
Security (Mo/Day/Yr) Securities
- ----------------------------- ------------------ -----------
<S> <C> <C>
None --- ---
9. Number of
Derivative
Securities
Beneficially
Exercise Price 8. Price of Owned at
1. Title of Derivative Derivative End of
Security Security Month
- ----------------------------- ------------------ ------------
<S> <C> <C>
None --- ---
10. Ownership
Form of
Derivative
Security 11. Nature of
Exercise Price Direct (D) Indirect
1. Title of Derivative of Indirect Beneficial
Security (I) Ownership
- ----------------------------- ------------------ -----------
<S> <C> <C>
None --- ---
</TABLE>
Explanation of Responses.
* Shares delivered for payment of exercise price of option in
transaction not exempt from Rule 16b-3.
Intentional misstatements or
omissions of facts constitute
Federal Criminal Violations.
A. James Dearlove February 10, 1998
- ------------------------------------------- ------------------
Signature of Reporting Person Date
By: /s/ Nancy M. Snyder
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Nancy M. Snyder
General Counsel and Corporate Secretary
Authorized Signer
