<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
Lilly Peter B.
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(Last) (First) (Middle)
Vulcan Coal Holdings, LLC
50 Jerome Lane
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(Street)
Fairview Heights IL 62208
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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
February 1999
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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
_____ 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 2/3/99 A V
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 243 A $19.6875
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 243 D
7. Nature of
Indirect
Beneficial
1. Title of Security Ownership
- ----------------------------------- ----------
<S> <C>
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 $19.6875 2/3/99
5. Number of
Derivative
Securities
Acquired
(A) or
Disposed
(D) of
4. Transaction Code ------------
1. Title of Derivative ----------------
Security Code V (A) (D)
- ----------------------------- ---------------- -----------
<S> <C> <C> <C> <C>
Nonqualified Stock Options A V 10,000 --
6. Date Exercisable
and Expiration 7. Title and
Date (Mo/Day/Yr) Amount of
----------------- Underlying
Date Expir- Securities
1. Title of Derivative Exer- ation --------------------
Security cisable Date Title Amount
- ----------------------------- ------------------ ----------- ------
<S> <C> <C> <C> <C>
Nonqualified Stock Options 2/3/00 2/2/09 Common Stock 10,000
($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>
Nonqualified Stock Options -0- 10,000
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 D ---
</TABLE>
Explanation of Responses.
None
Intentional misstatements or
omissions of facts constitute
Federal Criminal Violations.
Peter B. Lilly March 9, 1999
- ------------------------------------------- ------------------
Signature of Reporting Person Date
By: /s/ Nancy M. Snyder
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Nancy M. Snyder
General Counsel and Corporate Secretary
Authorized Signer
