-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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 TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB
MIC-Info: RSA-MD5,RSA,
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 yKDjX4pT2/VbZHCaFm+G4w==

<SEC-DOCUMENT>0001073416-03-000068.txt : 20030813
<SEC-HEADER>0001073416-03-000068.hdr.sgml : 20030813
<ACCEPTANCE-DATETIME>20030813132939
ACCESSION NUMBER:		0001073416-03-000068
CONFORMED SUBMISSION TYPE:	5
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20030630
FILED AS OF DATE:		20030813

ISSUER:		

	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

	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:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			TAYLOR WILLIAM L
		CENTRAL INDEX KEY:			0001073317

	FILING VALUES:
		FORM TYPE:		5
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-00652
		FILM NUMBER:		03840209

	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
</SEC-HEADER>
<DOCUMENT>
<TYPE>5
<SEQUENCE>1
<FILENAME>f5wlt803_ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<!-- - EDGAR Ease Plus 1.0                                   07/25/03  TT    -->
<ownershipDocument>
    <schemaVersion>X0201</schemaVersion>

    <documentType>5</documentType>
   <periodOfReport>2003-06-30</periodOfReport>
   <notSubjectToSection16>0</notSubjectToSection16>
    <form3HoldingsReported>0</form3HoldingsReported>

    <form4TransactionsReported>0</form4TransactionsReported>

    <issuer>
        <issuerCik>0000102037</issuerCik>
        <issuerName>UNIVERSAL CORP /VA/</issuerName>
        <issuerTradingSymbol>uvv</issuerTradingSymbol>
   </issuer>
   <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001073317</rptOwnerCik>
            <rptOwnerName>TAYLOR WILLIAM L</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1501 N HAMILTON STREET</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>RICHMOND</rptOwnerCity>
            <rptOwnerState>VA</rptOwnerState>
            <rptOwnerZipCode>23230</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
            <reportingOwnerRelationship>
         <isDirector>0</isDirector>
         <isOfficer>1</isOfficer>
         <isTenPercentOwner>0</isTenPercentOwner>
         <isOther>0</isOther>
         <officerTitle>Vice President &amp; CAO</officerTitle>
      </reportingOwnerRelationship>
   </reportingOwner>
 <nonDerivativeTable>
   <nonDerivativeTransaction>
      <securityTitle>
         <value>Common Stock</value>
      </securityTitle>
      <transactionDate>
         <value>2003-06-30</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>5</transactionFormType>
         <transactionCode>I</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
      </transactionCoding>
      <transactionAmounts>
         <transactionShares>
           <value>479</value>
            <footnoteId id="F1"/>
         </transactionShares>
         <transactionPricePerShare>
            <footnoteId id="F1"/>
         </transactionPricePerShare>
         <transactionAcquiredDisposedCode>
           <value>A</value>
         </transactionAcquiredDisposedCode>
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      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>57397</value>
            <footnoteId id="F1"/>
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         <directOrIndirectOwnership>
            <value>D</value>
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   <nonDerivativeTransaction>
      <securityTitle>
         <value>Common Stock -ESPP</value>
      </securityTitle>
      <transactionDate>
         <value>2003-06-30</value>
      </transactionDate>
      <transactionCoding>
         <transactionFormType>5</transactionFormType>
         <transactionCode>I</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
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      <transactionAmounts>
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           <value>667</value>
            <footnoteId id="F2"/>
         </transactionShares>
         <transactionPricePerShare>
            <footnoteId id="F2"/>
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         <transactionAcquiredDisposedCode>
           <value>A</value>
         </transactionAcquiredDisposedCode>
      </transactionAmounts>
      <postTransactionAmounts>
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           <value>3405</value>
            <footnoteId id="F3"/>
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      <ownershipNature>
         <directOrIndirectOwnership>
            <value>I</value>
            <footnoteId id="F3"/>
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         <natureOfOwnership>
            <value>Employee stock purchase plan</value>
         </natureOfOwnership>
      </ownershipNature>
   </nonDerivativeTransaction>
 </nonDerivativeTable>
 <derivativeTable>
   <derivativeTransaction>
      <securityTitle>
         <value>phantom stock units 1 for 1</value>
      </securityTitle>
      <conversionOrExercisePrice>
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      <transactionDate>
         <value>2003-06-30</value>
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         <transactionCode>A</transactionCode>
         <equitySwapInvolved>0</equitySwapInvolved>
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      <transactionAmounts>
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         </transactionShares>
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      <exerciseDate>
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      </exerciseDate>
      <expirationDate>
            <footnoteId id="F4"/>
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      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Common Shares</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>511</value>
         </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>4055</value>
         </sharesOwnedFollowingTransaction>
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           <value>D</value>
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   <derivativeHolding>
      <securityTitle>
         <value>Options to buy common stock</value>
            <footnoteId id="F5"/>
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      <conversionOrExercisePrice>
         <value>38.94</value>
      </conversionOrExercisePrice>
      <exerciseDate>
         <value>1998-06-15</value>
      </exerciseDate>
      <expirationDate>
         <value>2007-11-20</value>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Common Stock</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>55000</value>
         </underlyingSecurityShares>
      </underlyingSecurity>
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         <sharesOwnedFollowingTransaction>
           <value>55000</value>
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   <derivativeHolding>
      <securityTitle>
         <value>Options to buy common stock</value>
            <footnoteId id="F5"/>
      </securityTitle>
      <conversionOrExercisePrice>
         <value>40.1875</value>
      </conversionOrExercisePrice>
      <exerciseDate>
         <value>1998-06-08</value>
      </exerciseDate>
      <expirationDate>
         <value>2004-12-01</value>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Common Stock</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>8622</value>
         </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>8622</value>
         </sharesOwnedFollowingTransaction>
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      <ownershipNature>
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           <value>D</value>
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   <derivativeHolding>
      <securityTitle>
         <value>Options to buy common stock</value>
            <footnoteId id="F5"/>
      </securityTitle>
      <conversionOrExercisePrice>
         <value>38.20</value>
      </conversionOrExercisePrice>
      <exerciseDate>
         <value>2001-12-15</value>
      </exerciseDate>
      <expirationDate>
         <value>2009-12-02</value>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Common Stock</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>12154</value>
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      </underlyingSecurity>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>12154</value>
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      <ownershipNature>
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           <value>D</value>
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   </derivativeHolding>
   <derivativeHolding>
      <securityTitle>
         <value>Options to buy common stock</value>
            <footnoteId id="F5"/>
      </securityTitle>
      <conversionOrExercisePrice>
         <value>36.92</value>
      </conversionOrExercisePrice>
      <exerciseDate>
         <value>2002-06-17</value>
      </exerciseDate>
      <expirationDate>
         <value>2004-12-01</value>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
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         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>1243</value>
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            <footnoteId id="F5"/>
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      <conversionOrExercisePrice>
         <value>36.92</value>
      </conversionOrExercisePrice>
      <exerciseDate>
         <value>2002-06-17</value>
      </exerciseDate>
      <expirationDate>
         <value>2009-12-02</value>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Common Stock</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>5422</value>
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         <sharesOwnedFollowingTransaction>
           <value>5422</value>
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      <securityTitle>
         <value>Options to buy common stock</value>
            <footnoteId id="F5"/>
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      <conversionOrExercisePrice>
         <value>38.70</value>
      </conversionOrExercisePrice>
      <exerciseDate>
         <value>2002-12-17</value>
      </exerciseDate>
      <expirationDate>
         <value>2004-12-01</value>
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      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Common Stock</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>20422</value>
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         <sharesOwnedFollowingTransaction>
           <value>20422</value>
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           <value>D</value>
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      <securityTitle>
         <value>Options to buy common stock</value>
            <footnoteId id="F5"/>
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      <conversionOrExercisePrice>
         <value>38.70</value>
      </conversionOrExercisePrice>
      <exerciseDate>
         <value>2002-12-17</value>
      </exerciseDate>
      <expirationDate>
         <value>2009-12-02</value>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Common Stock</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>27487</value>
         </underlyingSecurityShares>
      </underlyingSecurity>
      <postTransactionAmounts>
         <sharesOwnedFollowingTransaction>
           <value>27487</value>
         </sharesOwnedFollowingTransaction>
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           <value>D</value>
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   </derivativeHolding>
   <derivativeHolding>
      <securityTitle>
         <value>Options to buy common stock</value>
            <footnoteId id="F5"/>
      </securityTitle>
      <conversionOrExercisePrice>
         <value>35.67</value>
      </conversionOrExercisePrice>
      <exerciseDate>
         <value>2003-06-05</value>
      </exerciseDate>
      <expirationDate>
         <value>2012-12-05</value>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Common Stock</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>45559</value>
         </underlyingSecurityShares>
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         <sharesOwnedFollowingTransaction>
           <value>45559</value>
         </sharesOwnedFollowingTransaction>
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      <ownershipNature>
         <directOrIndirectOwnership>
           <value>D</value>
         </directOrIndirectOwnership>
      </ownershipNature>
   </derivativeHolding>
   <derivativeHolding>
      <securityTitle>
         <value>Options to buy common stock</value>
            <footnoteId id="F5"/>
      </securityTitle>
      <conversionOrExercisePrice>
         <value>42.82</value>
      </conversionOrExercisePrice>
      <exerciseDate>
         <value>2003-12-17</value>
      </exerciseDate>
      <expirationDate>
         <value>2012-12-05</value>
      </expirationDate>
      <underlyingSecurity>
         <underlyingSecurityTitle>
           <value>Common Stock</value>
         </underlyingSecurityTitle>
         <underlyingSecurityShares>
           <value>49516</value>
         </underlyingSecurityShares>
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         <sharesOwnedFollowingTransaction>
           <value>49516</value>
         </sharesOwnedFollowingTransaction>
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      <ownershipNature>
         <directOrIndirectOwnership>
           <value>D</value>
         </directOrIndirectOwnership>
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   </derivativeHolding>
 </derivativeTable>
   <footnotes>
      <footnote id="F1"> includes 479 shares previously owned in the stock purchase plan</footnote>

      <footnote id="F2"> includes 667 shares acquired from 7/1/02 through 6/30/03 in the stock purchase plan</footnote>

      <footnote id="F3"> shares held in the stock purchase plan</footnote>

      <footnote id="F4"> the phantom stock units were acquired under the ULT supplemental stock purchase plan on a periodic basis during the fiscal year ended June 30, 2003. Each phantom stock unit will be settled in cash upon the earlier of death, disability, retirement or termination of employment. The range of high and low market prices for the company's common stock on the dates the phantom units were credited weer $42.61 and $34.98 respectively.</footnote>

      <footnote id="F5"> options issued under the executive stock plan</footnote>
   </footnotes>
   <ownerSignature>
      <signatureName>Terri L. Marks, Power of Attorney for William L. Taylor</signatureName>
      <signatureDate>2003-08-13</signatureDate>
   </ownerSignature>
</ownershipDocument>

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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
-----END PRIVACY-ENHANCED MESSAGE-----
