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 STARKEY, III, JAMES H. 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 (X) Officer (give title below) ( ) Other (specify below) VICE PRESIDENT 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/|M | |24,213 |A |$24.6875 | | | | |00 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| COMMON STOCK |12/15/|F |V|18,680 |D |$32.00 | | | | |00 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| COMMON STOCK |12/15/|I |V|2,590 |D |$32.00 |2,943 |D | | |00 | | | | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| COMMON STOCK | | | | | | |46,107 |D | | -----------------------------------------------------------------------------------------------------------------------------------| COMMON STOCK | | | | | | |12,922 |I(1) | | -----------------------------------------------------------------------------------------------------------------------------------| COMMON STOCK | | | | | | |400 |I(2) | | -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | |------------ | | | -----------------------------------------------------------------------------------------------------------------------------------| | | | | | |TOTAL |62,372 | | | -----------------------------------------------------------------------------------------------------------------------------------| ___________________________________________________________________________________________________________________________________| ___________________________________________________________________________________________________________________________________ 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 | |24,213 |D |6/15/|12/2/|COMMON STOCK| | |13,287 |D | | STOCK | |/00 | | | | |00 |09 |(3) | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| OPTIONS TO BUY COMMON |$32.00 |12/15|A |V|18,680 |A |6/15/|12/2/|COMMON STOCK| | |18,680 |D | | STOCK | |/00 | | | | |01 |09 |(3) | | | | | | -----------------------------------------------------------------------------------------------------------------------------------| | | | | | | | | | | | | | | | ___________________________________________________________________________________________________________________________________| Explanation of Responses: (1) Number of shares held in the Stock Purchase Plan (2) Mr. Starkey is the sole trustee of a family trust which holds Universal Corporation common stock (3)Options issued under the Executive Stock Plan SIGNATURE OF REPORTING PERSON J. H. STARKEY, III, SIGNATURE ON FILE, FILED ELECTRONICALLY DATE JANUARY 5, 2001