UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 5 ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP (X) Check box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instructions 1(b). ( ) Form 3 Holdings Reported ( ) Form 4 Transactions Reported 1. Name and Address of Reporting Person WHITE, III, JAMES M. P.O. BOX 25099 1501 NORTH HAMILTON STREET RICHMOND, VA 23260 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 02/01 5. If Amendment, Date of Original (Month/Year) 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) ( ) Director ( ) 10% Owner (X) Officer (give title below) ( ) Other (specify below) SECRETARY 7. Individual or Joint/Group Reporting (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 | |Date |Code| | Beneficially |(D)or | | | | | | A/| | Owned at |Indir | | | | | Amount | D | Price | End of Year |ect(I)| | ___________________________________________________________________________________________________________________________________| COMMON STOCK | | | | | |5,424 |D | | -----------------------------------------------------------------------------------------------------------------------------------| COMMON STOCK | | | | | |20,351 |I(1) | | -----------------------------------------------------------------------------------------------------------------------------------| | | | | | |----------------- | | | -----------------------------------------------------------------------------------------------------------------------------------| | | | | |TOTAL |25,775 | | | -----------------------------------------------------------------------------------------------------------------------------------| ___________________________________________________________________________________________________________________________________| ___________________________________________________________________________________________________________________________________ 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 |Date |Code| rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial | |cise Pr | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership | |ice 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 | | | Amount | |ble | | | |Year |(I)| | ___________________________________________________________________________________________________________________________________| options to buy common st|$35.3125| | | | |12/15|12/1/|common stock| | | |3,6|D | ock | | | | | |/98 |04 |(2) | | | |76 | | -----------------------------------------------------------------------------------------------------------------------------------| options to buy common st|$35.375 | | | | |12/6/|12/1/|common stock| | | |1,9|D | ock | | | | | |97 |04 |(2) | | | |95 | | -----------------------------------------------------------------------------------------------------------------------------------| options to buy common st|$38.94 | | | | |6/15/|12/20|common stock| | | |18,|D | ock | | | | | |98 |/07 |(2) | | | |000| | -----------------------------------------------------------------------------------------------------------------------------------| options to buy common st|$40.1875| | | | |6/8/9|12/1/|common stock| | | |2,5|D | ock | | | | | |8 |04 |(2) | | | |14 | | -----------------------------------------------------------------------------------------------------------------------------------| options to buy common st|$33.25 | | | | |6/15/|12/1/|common stock| | | |1,6|D | ock | | | | | |99 |04 |(2) | | | |10 | | -----------------------------------------------------------------------------------------------------------------------------------| options to buy common st|$24.6875| | | | |6/15/|12/2/|common stock| | | |16,|D | ock | | | | | |00 |09 |(2) | | | |426| | -----------------------------------------------------------------------------------------------------------------------------------| options to buy common st|$32.00 | | | | |6/15/|12/2/|common stock| | | |4,6|D | ock | | | | | |01 |09 |(2) | | | |86 | | -----------------------------------------------------------------------------------------------------------------------------------| ___________________________________________________________________________________________________________________________________| Explanation of Responses: (1)number of shares held in the employee stock purchase plan as of 1/31/01 (2) options issued under the executive stock plan SIGNATURE OF REPORTING PERSON James M. White, III, signature on file, filed electronically DATE February 5, 2001