<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
Tholen Steven W.
- -------------------------------------------------------
(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
July 1999
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)
Vice President and Chief Financial 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 7/30/99 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 $21.00
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 22,200 D
7. Nature of
Indirect
Beneficial
1. Title of Security Ownership
- ----------------------------------- ----------
<S> <C>
Common Stock $6.25 par value Not applicable
</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>
NON-QUALIFIED STOCK OPTIONS $20.375 1/28/99
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>
NON-QUALIFIED STOCK OPTIONS A V 6,000
6. Date Exer-
cisable and 7. Title and
Expiration Amount of
Date Underlying
(Mo/Day/Yr) Securities
------------------ -----------------
Date Expira- Amount or
1. Title of Derivative Exer- tion Number of
Security cisable Date Title Securities
- ------------------------ ------- -------- ----- ----------
<S> <C> <C> <C> <C>
NON-QUALIFIED STOCK COMMON
OPTIONS 1/28/00 1/27/09 STOCK 6,000
($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>
NON-QUALIFIED STOCK OPTIONS -0- 136,000*
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>
NONE D
</TABLE>
Explanation of Responses.
*On August 15, 1997, the Common Stock of Penn Virginia
Corporation split 2-for-1, resulting in the Reporting Person
acquiring options for an additional 65,000 shares of Common
Stock.
Intentional misstatements or
omissions of facts constitute
Federal Criminal Violations.
Steven W. Tholen August 10, 1999
- ----------------------------- ----------------
Signature of Reporting Person Date
By: /s/ Nancy M. Snyder, Esquire
----------------------------
Nancy M. Snyder, Esquire
Corporate Secretary
Authorized Signer
