<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)
Penn Virginia Corporation
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)
3. Statement for Month/Year
May 2000
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
------------------------------------------
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 05/25/00 M
Common Stock, $6.25 par value 05/25/00 S
Common Stock, $6.25 par value 05/25/00 S
Common Stock, $6.25 par value 05/31/00 M
Common Stock, $6.25 par value 05/31/00 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 1500 A $16.125
Common Stock, $6.25 par value 1000 D $22.375
Common Stock, $6.25 par value 500 D $22.00
Common Stock, $6.25 par value 38500 A $16.125
Common Stock, $6.25 par value 38500 D $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 D
Common Stock, $6.25 par value D
Common Stock, $6.25 par value D
Common Stock, $6.25 par value D
Common Stock, $6.25 par value 11,910 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>
Non-Qualified Stock Options $16.125 05/25/00
Non-Qualified Stock Options $17.375 02/08/00
Non-Qualified Stock Options $16.625 01/04/00
Non-Qualified Stock Options $16.125 05/31/00
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 1,500
Non-Qualified Stock Options A V 13,000
Non-Qualified Stock Options A V 200
Non-Qualified Stock Options A 38,500
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
Options 02/08/96 02/07/05 Common 1,500
Stock
$6.25
par value
Non-Qualified Stock
Options 02/08/01 02/07/10 Common 13,000
Stock
$6.25
par value
Non-Qualified Stock
Options 01/04/01 01/03/10 Common 200
Stock
$6.25
par value
Non-Qualified Stock
Options 02/08/96 02/07/05 Common 38,500
Stock
$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
Non-Qualified Stock Options
Non-Qualified Stock Options
Non-Qualified Stock Options 201,800
10. Ownership
Form of
Derivative
Security 11. Nature of
Direct (D) Indirect
1. Title of Derivative or Indirect Beneficial
Security (I) Ownership
----------------------------- ------------------ -----------
<S> <C> <C>
Non-Qualified Stock Options D
Non-Qualified Stock Options D
Non-Qualified Stock Options D
Non-Qualified Stock Options D
</TABLE>
Explanation of Responses.
Intentional misstatements or omissions of facts constitute Federal Criminal
Violations.
A. James Dearlove June 7, 2000
----------------------------- ----------------
Signature of Reporting Person Date
By: /s/ Nancy M. Snyder
-----------------------------
Nancy M. Snyder Esquire
Corporate Secretary
Authorized Signer
