X0303 4 2011-02-17 0 0000077159 PENN VIRGINIA CORP PVA 0001135750 WHITEHEAD H BAIRD FOUR RADNOR CORPORATE CENTER STE 200 RADNOR PA 19087 1 1 0 0 President Non-qualified stock options (right to buy) 17.14 2011-02-17 4 A 0 84688 0 A 2021-02-16 Common Stock ($0.01 par value) 84688 84688 D Restricted Stock Units 0 2011-02-17 4 A 0 36464 0 A Common Stock ($0.01 par value) 36464 36464 D The options become exercisable in three equal annual installments on February 17, 2012, 2013 and 2014, respectively, subject to the terms of the Issuer's Seventh Amended and Restated Employee Stock Incentive Plan (the "Plan"). Each restricted stock unit represents the right to receive one share of the Issuer's common stock upon vesting. Of the total restricted stock units granted, 3,065 were granted subject to shareholder approval of an amendment to the Plan. The restricted stock units will vest in three equal installments on February 17, 2012, 2013 and 2014, respectively, subject to the terms of the Plan. Nancy M. Snyder as power of attorney 2011-02-18