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
Horton Ann N.
- -------------------------------------------------------
(Last) (First) (Middle)
999 Executive Park Boulevard
Suite 300
- -------------------------------------------------------
(Street)
Kingsport TN 37660
- -------------------------------------------------------
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
PENN VIRGINIA CORPORATION (PVA)
3. Statement for Month/Year
December 1998
4. If Amendment, Date of Original (Month/Year)
5. Relationship of Reporting Person to Issuer
(Check if applicable)
_____ Director _____ 10% Owner
__X__ Officer (Give title below) _____ Other (specify below)
Controller
------------------------------------------
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 12/15/98 M ---
Common Stock $6.25 par value 12/15/98 S ---
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 600 A 16.438
Common Stock $6.25 par value 600 D 21.000
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 D
Common Stock $6.25 par value -0- 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>
Nonqualified Stock Options $27.0625 02/11/98
Nonqualified Stock Options $16.438 12/15/98
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 3,000 ---
Nonqualified Stock Options M V --- 600
7. Title and
6. Date Exer- Amount of
ciasable and Underlying
Expiration Securities
Date -------------------
(Mo/Day/Yr) Amount
---------------- or
Date Expira- Number
1. Title of Derivative Exer- tion of
Security cisable Date Title Shares
- -------------------------- ------- ------- ----- -------
<S> <C> <C> <C> <C>
Nonqualified Stock Options 2/11/98 2/10/08 Common Stock 3,000
($6.25 par
value)
Nonqualified Stock Options 3/31/95 3/30/04 Common Stock 600
($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 $27.0626 ---
Nonqualified Stock Options --- 31,000
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 --- ---
Nonqualified Stock Options D ---
</TABLE>
Intentional misstatements or
omissions of facts constitute
Federal Criminal Violations.
Ann N. Horton January 8, 1999
- ----------------------------- -----------------
Signature of Reporting Person Date
By: /s/ Nancy M. Snyder
------------------------
Nancy M. Snyder
General Counsel and Corporate Secretary
Authorized Signer
