Sec Form 5 Filing - STARKEY JAMES H III @ UNIVERSAL CORP /VA/ - 2006-03-31

FORM 5 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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. Date of Earliest Transaction (MM/DD/YY) 03/31/2006 (Street) RICHMOND, VA23230 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V 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 V 1,115 A 17,887 ( 2 ) I ( 3 ) shares held in the ESPP

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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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 (MM/DD/YY) 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 Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (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, VA23230 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:

( 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.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* 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).

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