Ownership Submission
FORM 5
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
Form 3 Holdings Reported
Form 4 Transactions Reported
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person *
KING ALLEN B
 2. Issuer Name and Ticker or Trading Symbol
UNIVERSAL CORP /VA/ [UVV] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chairman, President & CEO
(Last)
(First)
(Middle)

1501 N HAMILTON STREET		 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
03/31/2005
(Street)


RICHMOND, VA 23230		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Reporting
(check applicable line)

_X_ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned at end of Issuer's Fiscal Year
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common Stock             125,326 D  
Common Stock 03/31/2005   I 1,122 (1) A $ (1) 21,397 I (2) shares held in the Employee Stock Purchase Plan

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 2270 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
phantom stock units 1 for 1   03/31/2005   A 1,165     (3)   (3) Common Stock
1,165
(3) 10,195
D
 
Options to buy Common Stock (4) $ 42.82           12/17/2003 12/05/2012 Common Stock
6,938
  6,938
D
 
Options to buy Common Stock (4) $ 43.08           06/17/2004 12/05/2012 Common Stock
89,286
  89,286
D
 
Options to buy Common Stock (4) $ 47.28           12/17/2004 11/20/2007 Common Stock
24,027
  24,027
D
 
Options to buy Common Stock (4) $ 47.28           12/17/2004 12/05/2012 Common Stock
15,928
  15,928
D
 
Options to buy Common Stock (4) $ 47.28           12/17/2004 12/02/2009 Common Stock
60,051
  60,051
D
 
Options to buy Common Stock (4) $ 48.21           06/17/2005 12/05/2012 Common Stock
64,908
  64,908
D
 
Options to buy Common Stock (4) $ 48.21           06/17/2005 12/15/2007 Common Stock
49,127
  49,127
D
 

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
KING ALLEN B
1501 N HAMILTON STREET
RICHMOND, VA 23230		   X     Chairman, President & CEO  

Signatures

Allen B. King, by Terri L. Marks, Power of Attorney 04/21/2005
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) includes 1122 shares acquired from 4/1/04 through 3/31/05 in the stock purchase plan
(2) shares held in the stock purchase plan
(3) the phantom stock units were acquired under the ULT Supplemental Stock Purchase Plan on a periodic basis during the fiscal year ended March 31, 2005. Each phanton stock unit will be settled in cash upon the earlier of death, disability, retirement or termination of employment.
(4) options issued under the Executive Stock Plan

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