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 *
STARKEY JAMES H III
 2. Issuer Name and Ticker or Trading Symbol
UNIVERSAL CORP /VA/ [UVV] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Vice President
(Last)
(First)
(Middle)

1501 NORTH HAMILTON ST		 3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
03/31/2006
(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             55,951 (1) D  
Common Stock             400 I (5) Family Trust
Common Stock-ESPP 03/31/2006   I 1,115 A $ (2) 17,887 (2) I (3) shares held in the ESPP

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
Options to buy common stock (4) $ 43.08           06/17/2004 12/02/2009 Common Stock
5,665
  5,665
D
 
Options to buy common stock (4) $ 47.28           12/17/2004 12/02/2009 Common Stock
10,127
  10,127
D
 
Options to buy common stock (4) $ 47.28           12/17/2004 11/20/2007 Common Stock
20,589
  20,589
D
 
Options to buy common stock (4) $ 47.28           12/17/2004 12/05/2012 Common Stock
9,602
  9,602
D
 
Options to buy common stock (4) $ 48.21           06/17/2005 12/05/2012 Common Stock
36,964
  36,964
D
 
Options to buy common stock (4) $ 48.21           06/17/2005 12/02/2009 Common Stock
7,776
  7,776
D
 
Options to buy common stock (4) $ 46.64           12/31/2005 05/23/2015 Common Stock
11,250
  11,250
D
 

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
STARKEY JAMES H III
1501 NORTH HAMILTON ST
RICHMOND, VA 23230		       Vice President  

Signatures

Terri L. Marks, Power of Attorney for James H. Starkey, III 05/08/2006
**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) 2,800 shares of restricted stock units are included in this total. The restricted stock units vest on the fifth Anniversary of the award date, however payment will be delayed until termination if individual is a covered employee under code Section 162(m) on the date of vesting.
(2) includes 1115 shares acquired from 4/1/05 through 3/31/06 in the stock purchase plan
(3) number of shares in the stock purchase plan
(4) options issued under the executive stock plan
(5) Mr. Starkey is sole trustee of a family trust which holds UC stock.

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