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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0001073416-02-000046.txt : 20020702
<SEC-HEADER>0001073416-02-000046.hdr.sgml : 20020702
<ACCEPTANCE-DATETIME>20020702101306
ACCESSION NUMBER:		0001073416-02-000046
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20020630
FILED AS OF DATE:		20020702

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UNIVERSAL CORP /VA/
		CENTRAL INDEX KEY:			0000102037
		STANDARD INDUSTRIAL CLASSIFICATION:	WHOLESALE-FARM PRODUCT RAW MATERIALS [5150]
		IRS NUMBER:				540414210
		STATE OF INCORPORATION:			VA
		FISCAL YEAR END:			0630

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-00652
		FILM NUMBER:		02694561

	BUSINESS ADDRESS:	
		STREET 1:		1501 NORTH HAMILTON STREET
		STREET 2:		PO BOX 25099
		CITY:			RICHMOND
		STATE:			VA
		ZIP:			23230
		BUSINESS PHONE:		8043599311

	MAIL ADDRESS:	
		STREET 1:		PO BOX 25099
		CITY:			RICHMOND
		STATE:			VA
		ZIP:			23260

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	UNIVERSAL LEAF TOBACCO CO INC
		DATE OF NAME CHANGE:	19880314
<REPORTING-OWNER>

COMPANY DATA:	
	COMPANY CONFORMED NAME:			KING ALLEN B
	CENTRAL INDEX KEY:			0001073305
<RELATIONSHIP>OFFICER

FILING VALUES:
	FORM TYPE:		4

BUSINESS ADDRESS:	
	STREET 1:		1501 N HAMILTON STREET
	CITY:			RICHMOND
	STATE:			VA
	ZIP:			23230
	BUSINESS PHONE:		8043599311

MAIL ADDRESS:	
	STREET 1:		1501 N HAMILTON STREET
	CITY:			RICHMOND
	STATE:			VA
	ZIP:			23230
</REPORTING-OWNER>
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>f4abk702.txt
<DESCRIPTION>FORM 4
<TEXT>
                     U.S. SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                     FORM 4

                  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

[_]  Check box if no longer  subject to Section 16. Form 4 or Form 5 obligations
     may continue. See Instruction 1(b).

- --------------------------------------------------------------------------------
1.   Name and Address of Reporting Person*

King                            Allen                   B
- --------------------------------------------------------------------------------
   (Last)                           (First)             (Middle)

1501 North Hamilton Street
- --------------------------------------------------------------------------------
                                    (Street)

Richmond                        Va              23230
- --------------------------------------------------------------------------------
   (City)                           (State)              (Zip)


- --------------------------------------------------------------------------------
2.   Issuer Name and Ticker or Trading Symbol


Universal Corporation UVV
- --------------------------------------------------------------------------------
3.   IRS Identification Number of Reporting Person, if an Entity (Voluntary)



- --------------------------------------------------------------------------------
4.   Statement for Month/Year


06/02
- --------------------------------------------------------------------------------
5.   If Amendment, Date of Original (Month/Year)


- --------------------------------------------------------------------------------
6.   Relationship of Reporting Person to Issuer
     (Check all applicable)

     [_]  Director                             [_]  10% Owner
     [X]  Officer (give title below)           [_]  Other (specify below)

President & COO
- --------------------------------------------------------------------------------
7.   Individual or Joint/Group Filing (Check applicable line)

     [X]  Form filed by one Reporting Person
     [_]  Form filed by more than one Reporting Person
- --------------------------------------------------------------------------------


================================================================================
           Table I -- Non-Derivative Securities Acquired, Disposed of,
                             or Beneficially Owned
================================================================================
<TABLE>
<CAPTION>
                                                                                                                6.
                                                                 4.                              5.             Owner-
                                                                 Securities Acquired (A) or      Amount of      ship
                                                    3.           Disposed of (D)                 Securities     Form:     7.
                                                    Transaction  (Instr. 3, 4 and 5)             Beneficially   Direct    Nature of
                                      2.            Code         ------------------------------- Owned at End   (D) or    Indirect
1.                                    Transaction   (Instr. 8)                   (A)             of Month       Indirect  Beneficial
Title of Security                     Date          ------------     Amount      or     Price    (Instr. 3      (I)       Ownership
(Instr. 3)                            (mm/dd/yy)     Code     V                  (D)             and 4)         (Instr.4) (Instr. 4)
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                                   <C>            <C>      <C>    <C>         <C>    <C>      <C>            <C>       <C>

Common Stock                         6/17/02         M               14,157      A      $35.3125
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock                         6/17/02         M               10,485      A      $35.3750
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock                         6/17/02         M               57,568      A      $36.920
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock                         6/17/02         F               77,424      D      $38.700
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock                         6/17/02         I                1,638      D      $38.700
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock                         6/17/02         I                  556      D      $38.3662    2,592       D
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock                                                                                       82,814       D
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock                                                                                       18,210       I(1)
- ------------------------------------------------------------------------------------------------------------------------------------
Common Stock                                                                                           22       I(2)
- ------------------------------------------------------------------------------------------------------------------------------------
                                                                                        total     103,638
- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

====================================================================================================================================
</TABLE>
*    If the Form is filed by more than one Reporting Person, see Instruction
     4(b)(v).

Reminder: Report on a separate line for each class of securities beneficially
          owned directly or indirectly.

                            (Print or Type Response)                      (Over)

<PAGE>


FORM 4 (continued)

Table II -- Derivative Securities Acquired, Disposed of, or Beneficially Owned
         (e.g., puts, calls, warrants, options, convertible securities)

================================================================================
<TABLE>
<CAPTION>
                                                                                                                    10.
                                                                                                          9.        Owner-
                                                                                                          Number    ship
                                                                                                          of        Form
                    2.                                                                                    Deriv-    of
                    Conver-                    5.                              7.                         ative     Deriv-   11.
                    sion                       Number of                       Title and Amount           Secur-    ative    Nature
                    or                         Derivative    6.                of Underlying     8.       ities     Secur-   of
                    Exer-             4.       Securities    Date              Securities        Price    Bene-     ity:     In-
                    cise     3.       Trans-   Acquired (A)  Exercisable and   (Instr. 3 and 4)  of       ficially  Direct   direct
                    Price    Trans-   action   or Disposed   Expiration Date   ----------------  Deriv-   Owned     (D) or   Bene-
1.                  of       action   Code     of(D)         (Month/Day/Year)            Amount  ative    at End    In-      ficial
Title of            Deriv-   Date     (Instr.  (Instr. 3,    ----------------            or      Secur-   of        direct   Owner-
Derivative          ative    (Month/  8)       4 and 5)      Date     Expira-            Number  ity      Month     (I)      ship
Security            Secur-   Day/     ------   ------------  Exer-    tion               of      (Instr.  (Instr.   (Instr.  (Instr.
(Instr. 3)          ity      Year)    Code V    (A)   (D)    cisable  Date     Title     Shares  5)       4)        4)       4)
- ------------------------------------------------------------------------------------------------------------------------------------
<S>                 <C>      <C>      <C>  <C>  <C>   <C>    <C>      <C>      <C>       <C>     <C>      <C>       <C>      <C>

Option to buy
Common stock       $35.3125  6/17/02   M             14,157  12/15/98 12/1/04 Common Stock(3)            -0-
- ------------------------------------------------------------------------------------------------------------------------------------
Option to buy
Common stock       $35.375   6/17/02   M             10,485  12/6/97  12/1/04 Common Stock(3)            -0-
- ------------------------------------------------------------------------------------------------------------------------------------
Options to buy
Common stock       $36.92    6/17/02   M              9,021  6/17/02  12/1/04 Common Stock(3)            1,566
- ------------------------------------------------------------------------------------------------------------------------------------
Options to buy
Common stock       $36.92    6/17/02   M             48,547  6/17/02  12/2/09 Common Stock(3)            8,425
- ------------------------------------------------------------------------------------------------------------------------------------
Options to buy
Common stock       $38.70    6/17/02   A      31,109        12/17/02  12/1/04 Common Stock(3)           31,109
- ------------------------------------------------------------------------------------------------------------------------------------
Options to buy
Common stock       $38.70    6/17/02   A      46,315        12/17/02  12/2/09 Common Stock(3)           46,315
- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

- ------------------------------------------------------------------------------------------------------------------------------------

====================================================================================================================================
</TABLE>
Explanation of Responses:
(1)shares held in the stock purchase plan
(2)shares held in the dividend reinvestment plan
(3)options issued under the Executive Stock Plan
signature of file, filed electronically                 July 2, 2002
- ---------------------------------------------            -----------------------
      **Signature of Reporting Person                             Date


**     Intentional misstatements or omissions of facts constitute Federal
       Criminal Violations.

See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

Note:  File three copies of this Form, one of which must be manually signed.
       If space provided is insufficient, see Instruction 6 for procedure.


                                                                          Page 2


</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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