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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Current Report Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
January 31, 1997
PENN VIRGINIA CORPORATION
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(Exact Name of Registrant as Specified in its Charter)
VIRGINIA
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(State or Other Jurisdiction of Incorporation)
0-753 23-1184320
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(Commission File No.) (I.R.S. Employer Identification No.)
100 Matsonford Road Suite 200, Radnor, PA 19087
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(Address of Principal Executive Offices)
19087
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(Zip Code)
(610) 687-8900
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(Registrant's Telephone Number, Including Area Code)
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ITEM 5. OTHER EVENTS
Penn Virginia Corporation issued a press release on January 31, 1997
with respect to the sale by VEBA, AG, a corporation organized under
the laws of the Federal Republic of Germany ("VEBA"), of all its
holdings of Penn Virginia common stock. Before the sale VEBA owned,
through its subsidiary Interkohle Beteiligungsgesellschaft mbH,
868,258 shares (the "Shares") of Penn Virginia common stock
representing approximately 20 percent of the outstanding stock.
Members of Penn Virginia's Board of Directors and senior management
purchased 50,950 shares and the Company bought 210,308 shares.
All of the Shares were purchased at $41.50 per share. The Company did
not receive any of the proceeds from the sale of the Shares. The press
release is filed as Exhibit 99 to this Form 8-K, and the text of the
press release is incorporated by reference herein.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) The following is filed as part of this Current Report on Form 8-K:
Exhibit Description
99 Press release dated January 31, 1997
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized on January 31, 1997.
PENN VIRGINIA CORPORATION
By:
/s/ A. James Dearlove
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A. James Dearlove
President and
Chief Executive Officer