UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check this box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
ZALZNECK, ROBERT J.
1501 NORTH HAMILTON STREET
RICHMOND, VA 23230
USA
2. Issuer Name and Ticker or Trading Symbol
UNIVERSAL CORPORATION
UVV
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
12/00
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person(s) to Issuer (Check all applicable)
( ) Director ( ) 10% Owner ( ) Officer (give title below) (X) Other
(specify below)
EXECUTIVE OFFICER
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 |
___________________________________________________________________________________________________________________________________|
1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Month |ect(I)| |
___________________________________________________________________________________________________________________________________|
COMMON STOCK |12/15/|G | |200 |D |$32.00 |35,725 |D | |
|00 | | | | | | | | |
-----------------------------------------------------------------------------------------------------------------------------------|
COMMON STOCK |12/15/|M | |19,461 |A |$24.6875 | | | |
|00 | | | | | | | | |
-----------------------------------------------------------------------------------------------------------------------------------|
COMMON STOCK |12/15/|F |V|15,014 |D |$32.00 | | | |
|00 | | | | | | | | |
-----------------------------------------------------------------------------------------------------------------------------------|
COMMON STOCK |12/15/|I |V|2,171 |D |$32.00 |2,276 | | |
|00 | | | | | | | | |
-----------------------------------------------------------------------------------------------------------------------------------|
COMMON STOCK | | | | | | |2,814 |I(1) | |
-----------------------------------------------------------------------------------------------------------------------------------|
| | | | | | |----------- | | |
-----------------------------------------------------------------------------------------------------------------------------------|
| | | | | |TOTAL |40,815 | | |
-----------------------------------------------------------------------------------------------------------------------------------|
___________________________________________________________________________________________________________________________________|
___________________________________________________________________________________________________________________________________
Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
___________________________________________________________________________________________________________________________________|
1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Month |(I)| |
___________________________________________________________________________________________________________________________________|
OPTIONS TO BUY COMMON |$24.6875|12/15|M | |19,461 |D |6/15/|12/2/|COMMON STOCK| | |8,039 |D | |
STOCK | |/00 | | | | |00 |09 |(2) | | | | | |
-----------------------------------------------------------------------------------------------------------------------------------|
OPTIONS TO BUY COMMON |$32.00 |12/15|A |V|15,014 |A |6/15/|12/2/|COMMON STOCK| | |15,014 |D | |
STOCK | |/00 | | | | |01 |09 |(2) | | | | | |
-----------------------------------------------------------------------------------------------------------------------------------|
| | | | | | | | | | | | | | |
___________________________________________________________________________________________________________________________________|
Explanation of Responses:
1-NUMBER OF SHARES HELD IN THE EMPLOYEE STOCK PURCHASE
PLAN
2-OPTIONS ISSUED UNDER THE EXECUTIVE STOCK PLAN
SIGNATURE OF REPORTING PERSON
R. J. ZALZNECK, SIGNATURE ON FILE, FILED ELECTRONICALLY
DATE
JANUARY 5, 2001