11-K 1 d11k.htm PENN VIRGINIA CORPORATION--FORM 11-K Penn Virginia Corporation--Form 11-K
Table of Contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 


FORM 11-K

 


(Mark One)

x ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE

For the year ended December 31, 2006

or

 

¨ TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE

For the transition period from              to             

Commission File Number: 1-13283

 


 

A. Full title of the plan and the address of the plan, if different from that of the issuer named below:

PENN VIRGINIA CORPORATION AND AFFILIATED COMPANIES EMPLOYEES’ 401(k) PLAN

 

B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:

PENN VIRGINIA CORPORATION

THREE RADNOR CORPORATE CENTER, SUITE 300

100 MATSONFORD ROAD

RADNOR, PA 19087

 



Table of Contents

TABLE OF CONTENTS

 

     Page No.

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

   1

FINANCIAL STATEMENTS

  

Statements of Net Assets Available for Benefits

   2

Statements of Changes in Net Assets Available for Benefits

   3

Notes to Financial Statements

   4

SUPPLEMENTAL SCHEDULES

  

Schedule of Assets Held for Investment

   11

Schedule of Reportable Transactions

   12


Table of Contents

LOGO

Report of Independent Registered Public Accounting Firm

To the Participants and Administrator of the

Penn Virginia Corporation and Affiliated Companies

Employees’ 401(k) Plan

Radnor, Pennsylvania

We have audited the accompanying statements of net assets available for benefits of the Penn Virginia Corporation and Affiliated Companies Employees’ 401(k) Plan as of December 31, 2006 and 2005, and the related statements of changes in net assets available for benefits for the years ended December 31, 2006 and 2005. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.

We conducted our audits in accordance with the standards of the Public Companies Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. We were not engaged to perform an audit of the Plan’s internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.

In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Penn Virginia Corporation and Affiliated Companies Employees’ 401(k) Plan as of December 31, 2006 and 2005, and the changes in its net assets available for benefits for the years ended December 31, 2006 and 2005, in conformity with U.S. generally accepted accounting principles.

Our audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedules of assets held for investment and reportable transactions, together referred to as “supplemental information,” are presented for the purpose of additional analysis and are not a required part of the basic financial statements but are supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. This supplemental information is the responsibility of the Plan’s management. The supplemental information has been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole.

LOGO

May 25, 2007

LOGO

 

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Table of Contents

PENN VIRGINIA CORPORATION AND AFFILIATED COMPANIES

EMPLOYEES’ 401(k) PLAN

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

December 31, 2006 and 2005

 

     2006    2005

ASSETS

     

Investments at fair value

     

Cash

   $ 4,001    $ 2,025

Common stock

     21,896,526      20,901,406

Registered investment company mutual funds

     13,252,275      7,214,675

Common/Collective Funds

     2,576,250      1,759,185

Participant loans receivable

     231,740      159,722
             
     37,960,792      30,037,013

Receivables

     

Employer contributions

     369,008      239,393

Employee contributions

     53,254      —  
             
     422,262      239,393
             

NET ASSETS AVAILABLE FOR BENEFITS

   $ 38,383,054    $ 30,276,406
             

See accompanying notes.

 

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PENN VIRGINIA CORPORATION AND AFFILIATED COMPANIES

EMPLOYEES’ 401(k) PLAN

STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS

Years Ended December 31, 2006 and 2005

 

      2006    2005

ADDITIONS TO NET ASSETS

     

Investment income

     

Interest and dividends

   $ 737,882    $ 433,380

Net appreciation in fair value of investments

     1,498,790      5,989,033

Realized gain on the sale of investments

     3,775,958      273,288

Interest, participant loans

     13,633      7,265
             
     6,026,263      6,702,966

Contributions

     

Employer

     1,193,679      931,321

Employee

     1,819,388      1,260,407
             
     3,013,067      2,191,728

Other activity

     5,236      1,243
             

TOTAL ADDITIONS

     9,044,566      8,895,937

DEDUCTIONS FROM NET ASSETS

     

Benefits paid to participants

     935,007      1,470,791

Administrative fees

     2,911      12,313
             

TOTAL DEDUCTIONS

     937,918      1,483,104
             

NET INCREASE IN NET ASSETS PRIOR TO TRANSFER

     8,106,648      7,412,833

ASSETS TRANSFERRED INTO THE PLAN

     —        1,157,534
             

NET INCREASE

     8,106,648      8,570,367

NET ASSETS AVAILABLE FOR BENEFITS

     

BEGINNING OF YEAR

     30,276,406      21,706,039
             

END OF YEAR

   $ 38,383,054    $ 30,276,406
             

See accompanying notes.

 

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PENN VIRGINIA CORPORATION AND AFFILIATED COMPANIES

EMPLOYEES’ 401(k) PLAN

NOTES TO FINANCIAL STATEMENTS

December 31, 2006 and 2005

 

NOTE A   SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND GENERAL DESCRIPTION OF THE PLAN
 

 

Significant Accounting Policies

 

The significant accounting policies employed in the preparation of the accompanying financial statements are as follows:

 

Valuation of Investments

 

The Plan’s investments are stated at fair value. Shares of registered investment companies are valued at quoted market prices, which represent the net asset value of shares held by the Plan at year end. Units of the Common/Collective Funds are valued at net asset value at year end. The Company stock fund is valued at its year-end unit closing price (comprised of year-end market price plus uninvested cash position). Participant loans are valued at cost which approximates fair value.

 

Revenue Recognition and Method of Accounting

 

All transactions are recorded on the accrual basis. Purchases and sales of investments are recorded based on the trade date. Investment income is recorded as earned. Realized gains or losses on security transactions are determined using the average cost of securities sold on the trade date. Expenses are recorded as incurred.

 

Use of Estimates

 

The preparation of financial statements in conformity with U.S. generally accepted accounting principles requires management to make estimates and assumptions that affect certain reported amounts and disclosures. Accordingly, actual results could differ from those estimates.

 

Plan Expenses

 

For the years ended December 31, 2006 and 2005, the Company paid expenses of the Plan which were in addition to the expenses paid from the participants’ individual accounts.

 

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PENN VIRGINIA CORPORATION AND AFFILIATED COMPANIES

EMPLOYEES’ 401(k) PLAN

NOTES TO FINANCIAL STATEMENTS

December 31, 2006 and 2005

 

 

General Description of the Plan

 

A general description of the Penn Virginia Corporation and Affiliated Companies Employees’ 401(k) Plan follows. Participants should refer to the Plan document for a more complete description of the Plan’s provisions.

 

General

 

The Plan is a defined contribution plan. Employees of Penn Virginia Corporation and its affiliated companies (the “Company”) are eligible to participate in the Penn Virginia Corporation and Affiliated Companies Employees’ 401(k) Plan (the “Plan”). The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (ERISA).

 

The Plan includes an employee stock ownership plan (“ESOP”) feature, as defined in Internal Revenue Code Section 4975(e)7. The ESOP feature provides for discretionary employer contributions to the Plan.

 

Contributions

 

Participants were able to contribute up to the lesser of $15,000 (2006) and $14,000 (2005) or 50% of their annual compensation. The employer matching contributions equaled 100% of the employees’ elective deferral contribution up to 6% of compensation up to $220,000 (2006) and $210,000 (2005). Participants may also contribute amounts representing distributions from other qualified benefit plans (via a rollover into the Plan).

 

Participation

 

Employees are eligible to participate in the Plan immediately upon hire. Employees are eligible to receive an employer matching contribution upon attaining one year of service.

 

Participant Accounts

 

Each participant’s account is credited with the participant’s contribution and the employer matching contribution, as well as an allocation of Plan earnings. Participants have access to their accounts 24 hours a day/7 days per week via a toll-free telephone number and a website. Fund transfers and investment election changes may be elected daily. A participant may stop, start, or change his/her 401(k) salary deferral rate at will.

 

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PENN VIRGINIA CORPORATION AND AFFILIATED COMPANIES

EMPLOYEES’ 401(k) PLAN

NOTES TO FINANCIAL STATEMENTS

December 31, 2006 and 2005

 

 

Plan Loans

 

Active employees may elect to take loans from the Plan at any given time. As required by law, a loan amount is limited to the lesser of $50,000 or 50% of the participant’s vested account and must be repaid within five years unless the loan is for the purchase of a primary residence. Loan repayments are processed via payroll deduction on an after-tax basis.

 

Vesting

 

Participants are always 100% vested in their own 401(k) salary deferral contributions, as well as the employer matching contributions.

 

Payment of Benefits

 

A participant may receive 100% of his/her account balance at termination of employment. In the event of a “qualified emergency,” an active employee may elect a withdrawal from his/her elective deferral contributions.

 

Voting Rights

 

Each participant is entitled to exercise the voting rights attributable to shares of Company stock held in his account in the trust with respect to all corporate matters upon which the Company’s shareholders are entitled or permitted to vote. Each participant has one vote for each share of stock credited to his account.

 

Plan Termination

 

The Plan may be terminated at any time by the Company. In the event of Plan termination, distribution of participant accounts shall be in accordance with Article XIII of the Plan document.

 

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PENN VIRGINIA CORPORATION AND AFFILIATED COMPANIES

EMPLOYEES’ 401(k) PLAN

NOTES TO FINANCIAL STATEMENTS

December 31, 2006 and 2005

 

NOTE B   ADMINISTRATION OF THE PLAN
  The Plan is administered by a committee of at least three members who are appointed and may be removed by the Company’s Board of Directors. The Board of Directors of the Company appointed PNC Bank, N.A. as trustee of the Plan. The Company pays for all administrative and recordkeeping costs associated with operating the Plan. Investment management fees charged by each mutual fund are netted against returns. Investment management fees charged by the PNC Investment Contract Fund (which is a collective investment fund) are charged to those participants with balances in those funds.
NOTE C   TAX STATUS OF THE PLAN
  The Plan has received a favorable determination letter from the Internal Revenue Service dated March 14, 2003, indicating that the Plan is a qualified plan under Section 401(k) of the Internal Revenue Code. The Plan has been amended since receiving the determination letter. However, the Plan Administrator and the Plan’s tax counsel believe that the Plan is designed and is currently being operated in compliance with the applicable requirements of the Internal Revenue Code. Therefore, no provision for income taxes has been included in the Plan’s financial statements.
NOTE D   INVESTMENTS
  The following presents investments at December 31, 2006 and 2005, which represent 5% or more of the Plan’s net assets:

 

      2006    2005

PNC Investment Contract Fund, 887,811 shares (2006) and 631,596 shares (2005)

   $ 2,576,250    $ 1,759,185

Penn Virginia Corporation common stock, 312,629 shares (2006) and 364,136 shares (2005)

   $ 21,896,526    $ 20,901,406

 

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PENN VIRGINIA CORPORATION AND AFFILIATED COMPANIES

EMPLOYEES’ 401(k) PLAN

NOTES TO FINANCIAL STATEMENTS

December 31, 2006 and 2005

 

NOTE E   TRANSFERS
  The Plan executed a plan-to-plan transfer with the Cantera Profit Sharing/401(k) Savings Plan during the year ended December 31, 2005. The transferred net assets of $1,157,534 have been recognized in the accounts of the Plan at the balances as previously carried in the accounts of the transferred plan. The changes in net assets of the combined plan are included in the statement of changes in net assets available for benefits.

 

NOTE F

 

 

RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500

 

The following is a reconciliation of contributions per the financial statements to the Form 5500:

 

For the year ended December 31, 2006:

 

     Employer     Employee  

Total contributions per financial statements

   $ 1,193,679     $ 1,819,388  

Add 2005 contributions receivable

     239,393       —    

Less 2006 contribution receivable

     (369,008 )     (53,254 )
                

TOTAL CONTRIBUTIONS PER FORM 5500

   $ 1,064,064     $ 1,766,134  
                

 

  For the year ended December 31, 2005:

 

     Employer     Employee

Total contributions per financial statements

   $ 931,321     $ 1,260,407

Add 2004 contributions receivable

     11,376       19,072

Less 2005 contribution receivable

     (239,393 )     —  
              

TOTAL CONTRIBUTIONS PER FORM 5500

   $ 703,304     $ 1,279,479
              

 

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PENN VIRGINIA CORPORATION AND AFFILIATED COMPANIES

EMPLOYEES’ 401(k) PLAN

NOTES TO FINANCIAL STATEMENTS

December 31, 2006 and 2005

 

 

The following is a reconciliation of the net appreciation in fair value of investments and realized gains on the sale of investments per the financial statements to the Form 5500:

 

For the year ended December 31, 2006:

 

     Net
Appreciation
in Fair Value of
Investments
  

Realized
Gains on

the Sale of
Investments

 

Total per financial statements

   $ 1,498,790    $ 3,775,958  

Difference between the method used in the Form 5500 to calculate realized gains and losses on investments and the method used in financial statements

     2,878,124      (2,878,124 )
               

TOTAL PER FORM 5500

   $ 4,376,914    $ 897,834  
               

 

  For the year ended December 31, 2005:

 

     Net
Appreciation
in Fair Value of
Investments
   Realized
Gains on
the Sale of
Investments
 

Total per financial statements

   $ 5,989,033    $ 273,288  

Difference between the method used in the Form 5500 to calculate realized gains and losses on investments and the method used in financial statements

     197,451      (197,451 )
               

TOTAL PER FORM 5500

   $ 6,186,484    $ 75,837  
               

 

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PENN VIRGINIA CORPORATION AND AFFILIATED COMPANIES

EMPLOYEES’ 401(k) PLAN

NOTES TO FINANCIAL STATEMENTS

December 31, 2006 and 2005

 

NOTE G   PLAN AMENDMENTS
  The Plan was amended during the Plan years ended December 31, 2006 and 2005, by several amendments. The 2006 amendments affected the definition of “qualified emergency” for hardship withdrawals, the definition of compensation and treatment of dividends related to the ESOP and diversification of ESOP investments. The 2005 amendments affected the processing of distributions, established a Company contribution to eligible participants’ ESOP accounts and allowed for the plan-to-plan transfer of certain assets from the Cantera Profit Sharing/401(k) Savings Plan.

 

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SUPPLEMENTAL SCHEDULES


Table of Contents

PENN VIRGINIA CORPORATION AND AFFILIATED COMPANIES

EMPLOYEES’ 401(k) PLAN

SCHEDULE OF ASSETS HELD FOR INVESTMENT

Year Ended December 31, 2006

Schedule H, Part IV, Item 4i of Form 5500, EIN# 23-1184320, Plan 001

 

Shares   

Description

   Cost    Current Value
312,629    Penn Virginia Corporation Stock    $ 5,079,511    $ 21,896,526
22,288    AIM Basic Value      676,862      815,745
22    American Beacon Lg Cap Value      494      491
49,687    Federated Mid-Cap Index      1,032,126      1,139,821
154,440    Federated Total Return Bond      1,639,180      1,627,800
24,027    Fidelity Advisor Value Strat      741,674      729,686
68,795    Fidelity Advisor Div. Int’l      1,435,910      1,552,015
17,890    Fidelity Spartan US Equity Index      816,765      897,740
77,417    MFS MA Investors Growth Stock      938,321      1,068,351
68,414    Royce Low Price Stock      1,141,942      1,151,416
32,190    T Rowe Ret. 2010 R      469,799      507,953
50,572    T Rowe Ret. 2020 R      794,358      870,858
83,925    T Rowe Ret. 2030 R      1,507,679      1,550,087
10,736    T Rowe Ret. 2040 R      187,882      200,219
36,379    T Rowe Growth Stock R      1,028,515      1,135,394
358    T Rowe Ret. Income R      4,493      4,699
887,811    PNC Investment Contract Fund      2,424,822      2,576,250
N/A    Uninvested funds      4,001      4,001
2,372    Penn Virginia 401k Slf      2,372      2,372
N/A    Participant loans, 5% to 8%      N/A      229,368
            
         $ 37,960,792
            

 

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PENN VIRGINIA CORPORATION AND AFFILIATED COMPANIES

EMPLOYEES’ 401(k) PLAN

SCHEDULE OF REPORTABLE TRANSACTIONS

Year Ended December 31, 2006

 

    

PENN VIRGINIA CORPORATION

    

EIN

   PN                    
    

FORM 5500,

   27d                    
    

Schedule of Reportable Transactions for Plan Year Ended 12/31/2006

A S S E T    T O T A L S                        

IDENTITY OF PARTY INVOLVED

 

DESCRIPTION OF ASSET

  

PURCHASE

PRICE

  

SELLING

PRICE

  

COST OF

ASSET

  

CURRENT
VALUE

OF ASSET

  

NET GAIN/

LOSS

PNC BANK   PNC Investment Contract Fund    17,275.57          17,275.57   
PNC BANK   PNC Investment Contract Fund    14,743.37          14,743.37   
PNC BANK   PNC Investment Contract Fund    37,341.90          37,341.90   
PNC BANK   PNC Investment Contract Fund       75,732.16    74,906.61       825.55
PNC BANK   PNC Investment Contract Fund    14,773.52          14,773.52   
PNC BANK   PNC Investment Contract Fund       1,578.67    1,528.87       49.80
PNC BANK   PNC Investment Contract Fund    20,370.65          20,370.65   
PNC BANK   PNC Investment Contract Fund    14,921.10          14,921.10   
PNC BANK   PNC Investment Contract Fund       8,042.82    7,740.24       302.58
PNC BANK   PNC Investment Contract Fund    5,257.25          5,257.25   
PNC BANK   PNC Investment Contract Fund    14,806.10          14,806.10   
PNC BANK   PNC Investment Contract Fund    18,406.07          18,406.07   
PNC BANK   PNC Investment Contract Fund       797.44    751.02       46.42
PNC BANK   PNC Investment Contract Fund    307.02          307.02   
PNC BANK   PNC Investment Contract Fund       704.04    695.74       8.30
PNC BANK   PNC Investment Contract Fund    12,293.99          12,293.99   
PNC BANK   PNC Investment Contract Fund    1,098.81          1,098.81   

 

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PENN VIRGINIA CORPORATION AND AFFILIATED COMPANIES

EMPLOYEES’ 401(k) PLAN

SCHEDULE OF REPORTABLE TRANSACTIONS

Year Ended December 31, 2006

 

    

PENN VIRGINIA CORPORATION

    

EIN

   PN                    
    

FORM 5500,

   27d                    
    

Schedule of Reportable Transactions for Plan Year Ended 12/31/2006

A S S E T    T O T A L S                        

IDENTITY OF PARTY INVOLVED

 

DESCRIPTION OF ASSET

  

PURCHASE

PRICE

  

SELLING

PRICE

  

COST OF

ASSET

  

CURRENT
VALUE

OF ASSET

  

NET GAIN/

LOSS

PNC BANK   PNC Investment Contract Fund       1,098.81    1,098.81      
PNC BANK   PNC Investment Contract Fund    11,938.73          11,938.73   
PNC BANK   PNC Investment Contract Fund    0.05          0.05   
PNC BANK   PNC Investment Contract Fund    5.28          5.28   
PNC BANK   PNC Investment Contract Fund    2,857.40          2,857.40   
PNC BANK   PNC Investment Contract Fund       6,749.12    6,677.33       71.79
PNC BANK   PNC Investment Contract Fund    9,204.43          9,204.43   
PNC BANK   PNC Investment Contract Fund       53,140.10    50,969.69       2,170.41
PNC BANK   PNC Investment Contract Fund       5,308.79    5,088.42       220.37
PNC BANK   PNC Investment Contract Fund       3,861.75    3,699.60       162.15
PNC BANK   PNC Investment Contract Fund       4,619.89    4,425.30       194.59
PNC BANK   PNC Investment Contract Fund    1.59          1.59   
PNC BANK   PNC Investment Contract Fund    9,129.14          9,129.14   
PNC BANK   PNC Investment Contract Fund       10,807.68    10,353.88       453.80
PNC BANK   PNC Investment Contract Fund    1.46          1.46   
PNC BANK   PNC Investment Contract Fund    7,440.83          7,440.83   
PNC BANK   PNC Investment Contract Fund    1,445.28          1,445.28   

 

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PENN VIRGINIA CORPORATION AND AFFILIATED COMPANIES

EMPLOYEES’ 401(k) PLAN

SCHEDULE OF REPORTABLE TRANSACTIONS

Year Ended December 31, 2006

 

 

    

PENN VIRGINIA CORPORATION

    

EIN

   PN               
    

FORM 5500,

   27d               
    

Schedule of Reportable Transactions for Plan Year Ended 12/31/2006

A S S E T    T O T A L S                        

IDENTITY OF PARTY INVOLVED

 

DESCRIPTION OF ASSET

  

PURCHASE

PRICE

  

SELLING

PRICE

  

COST OF

ASSET

  

CURRENT
VALUE

OF ASSET

  

NET GAIN/

LOSS

PNC BANK   PNC Investment Contract Fund    8,986.85          8,986.85   
PNC BANK   PNC Investment Contract Fund       91.91    87.18       4.73
PNC BANK   PNC Investment Contract Fund    0.06          0.06   
PNC BANK   PNC Investment Contract Fund    8,987.91          8,987.91   
PNC BANK   PNC Investment Contract Fund    9,083.68          9,083.68   
PNC BANK   PNC Investment Contract Fund    9,302.00          9,302.00   
PNC BANK   PNC Investment Contract Fund    0.13          0.13   
PNC BANK   PNC Investment Contract Fund    9,272.28          9,272.28   
PNC BANK   PNC Investment Contract Fund       139,683.15    126,283.53       13,399.62
PNC BANK   PNC Investment Contract Fund    9,371.14          9,371.14   
PNC BANK   PNC Investment Contract Fund       6,455.35    5,767.22       688.13
PNC BANK   PNC Investment Contract Fund    3,828.60          3,828.60   
PNC BANK   PNC Investment Contract Fund    9,503.49          9,503.49   
PNC BANK   PNC Investment Contract Fund    14,556.42          14,556.42   
PNC BANK   PNC Investment Contract Fund       938.27    888.76       49.51
PNC BANK   PNC Investment Contract Fund    21,889.21          21,889.21   
PNC BANK   PNC Investment Contract Fund    9,123.70          9,123.70   

 

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Table of Contents

PENN VIRGINIA CORPORATION AND AFFILIATED COMPANIES

EMPLOYEES’ 401(k) PLAN

SCHEDULE OF REPORTABLE TRANSACTIONS

Year Ended December 31, 2006

 

    

PENN VIRGINIA CORPORATION

    

EIN

   PN                    
    

FORM 5500,

   27d                    
    

Schedule of Reportable Transactions for Plan Year Ended 12/31/2006

A S S E T T O T A L S                        

IDENTITY OF PARTY INVOLVED

 

DESCRIPTION OF ASSET

  

PURCHASE

PRICE

  

SELLING

PRICE

  

COST OF

ASSET

  

CURRENT
VALUE

OF ASSET

  

NET GAIN/

LOSS

PNC BANK   PNC Investment Contract Fund    7,698.12          7,698.12   
PNC BANK   PNC Investment Contract Fund    218,422.62          218,422.62   
PNC BANK   PNC Investment Contract Fund       8,000.00    7,149.24       850.76
PNC BANK   PNC Investment Contract Fund    7,764.70          7,764.70   
PNC BANK   PNC Investment Contract Fund    31,584.42          31,584.42   
PNC BANK   PNC Investment Contract Fund    25,492.18          25,492.18   
PNC BANK   PNC Investment Contract Fund       45,649.75    45,393.81       255.94
PNC BANK   PNC Investment Contract Fund       262.70    246.84       15.86
PNC BANK   PNC Investment Contract Fund       674.29    617.27       57.02
PNC BANK   PNC Investment Contract Fund    8,126.29          8,126.29   
PNC BANK   PNC Investment Contract Fund    18,788.78          18,788.78   
PNC BANK   PNC Investment Contract Fund    309,178.63          309,178.63   
PNC BANK   PNC Investment Contract Fund       5,338.92    5,031.34       307.58
PNC BANK   PNC Investment Contract Fund    7,576.80          7,576.80   
PNC BANK   PNC Investment Contract Fund    100,000.00          100,000.00   
PNC BANK   PNC Investment Contract Fund       939.62    906.26       33.36
PNC BANK   PNC Investment Contract Fund    21.23          21.23   

 

- 15 -


Table of Contents

PENN VIRGINIA CORPORATION AND AFFILIATED COMPANIES

EMPLOYEES’ 401(k) PLAN

SCHEDULE OF REPORTABLE TRANSACTIONS

Year Ended December 31, 2006

 

 

    

PENN VIRGINIA CORPORATION

    

EIN

   PN                    
    

FORM 5500,

   27d                    
    

Schedule of Reportable Transactions for Plan Year Ended 12/31/2006

A S S E T    T O T A L S                             

IDENTITY OF PARTY INVOLVED

 

DESCRIPTION OF ASSET

  

PURCHASE

PRICE

  

SELLING

PRICE

  

COST OF

ASSET

  

CURRENT
VALUE

OF ASSET

  

NET GAIN/

LOSS

PNC BANK   PNC Investment Contract Fund    21,708.51          21,708.51   
PNC BANK   PNC Investment Contract Fund    27,568.53          27,568.53   
PNC BANK   PNC Investment Contract Fund    5,833.88          5,833.88   
PNC BANK   PNC Investment Contract Fund       1,664.64    1,563.93       100.71
PNC BANK   PNC Investment Contract Fund       846.43    774.35       72.08
PNC BANK   PNC Investment Contract Fund    3,832.35          3,832.35   
PNC BANK   PNC Investment Contract Fund       883.25    866.87       16.38
  Penn VA 401k Slf    63.23          63.23   
  Penn VA 401k Slf    13,532.69          13,532.69   
  Penn VA 401k Slf       13,595.31    13,595.31      
  Penn VA 401k Slf    253,082.03          253,082.03   
  Penn VA 401k Slf       252,637.26    252,637.26      
  Penn VA 401k Slf    9,858.18          9,858.18   
  Penn VA 401k Slf    14,181.69          14,181.69   
  Penn VA 401k Slf       24,485.36    24,485.36      
  Penn VA 401k Slf    314.57          314.57   
  Penn VA 401k Slf    13,585.79          13,585.79   

 

- 16 -


Table of Contents

PENN VIRGINIA CORPORATION AND AFFILIATED COMPANIES

EMPLOYEES’ 401(k) PLAN

SCHEDULE OF REPORTABLE TRANSACTIONS

Year Ended December 31, 2006

 

    

PENN VIRGINIA CORPORATION

    

EIN

   PN                    
    

FORM 5500,

   27d                    
    

Schedule of Reportable Transactions for Plan Year Ended 12/31/2006

A S S E T    T O T A L S                        

IDENTITY OF PARTY INVOLVED

 

DESCRIPTION OF ASSET

  

PURCHASE

PRICE

  

SELLING

PRICE

  

COST OF

ASSET

  

CURRENT
VALUE

OF ASSET

  

NET GAIN/

LOSS

  Penn VA 401k Slf       13,775.20    13,775.20      
  Penn VA 401k Slf    159.44          159.44   
  Penn VA 401k Slf    37.91          37.91   
  Penn VA 401k Slf    17,237.97          17,237.97   
  Penn VA 401k Slf       17,450.10    17,450.10      
  Penn VA 401k Slf    41,332.46          41,332.46   
  Penn VA 401k Slf    6,988.92          6,988.92   
  Penn VA 401k Slf       7,805.49    7,805.49      
  Penn VA 401k Slf    13,805.61          13,805.61   
  Penn VA 401k Slf    2,899.39          2,899.39   
  Penn VA 401k Slf       2,899.39    2,899.39      
  Penn VA 401k Slf    57,228.43          57,228.43   
  Penn VA 401k Slf       111,656.86    111,656.86      
  Penn VA 401k Slf    25,144.44          25,144.44   
  Penn VA 401k Slf       12,572.22    12,572.22      
  Penn VA 401k Slf    27,867.94          27,867.94   
  Penn VA 401k Slf       13,933.97    13,933.97      

 

- 17 -


Table of Contents

PENN VIRGINIA CORPORATION AND AFFILIATED COMPANIES

EMPLOYEES’ 401(k) PLAN

SCHEDULE OF REPORTABLE TRANSACTIONS

Year Ended December 31, 2006

 

 

    

PENN VIRGINIA CORPORATION

    

EIN

   PN                    
    

FORM 5500,

   27d                    
    

Schedule of Reportable Transactions for Plan Year Ended 12/31/2006

A S S E T    T O T A L S                        

IDENTITY OF PARTY INVOLVED

 

DESCRIPTION OF ASSET

  

PURCHASE

PRICE

  

SELLING

PRICE

  

COST OF

ASSET

  

CURRENT
VALUE

OF ASSET

  

NET GAIN/

LOSS

  Penn VA 401k Slf    0.18          0.18   
  Penn VA 401k Slf       26,487.05    26,487.05      
  Penn VA 401k Slf       0.03    0.03      
  Penn VA 401k Slf       0.73    0.73      
  Penn VA 401k Slf    16,081.01          16,081.01   
  Penn VA 401k Slf       14.37    14.37      
  Penn VA 401k Slf       16,074.34    16,074.34      
  Penn VA 401k Slf    88.33          88.33   
  Penn VA 401k Slf    3.67          3.67   
  Penn VA 401k Slf    15,151.59          15,151.59   
  Penn VA 401k Slf       15,139.86    15,139.86      
  Penn VA 401k Slf    4.76          4.76   
  Penn VA 401k Slf    13,457.40          13,457.40   
  Penn VA 401k Slf    1,345.49          1,345.49   
  Penn VA 401k Slf       14,893.98    14,893.98      
  Penn VA 401k Slf    41,144.85          41,144.85   
  Penn VA 401k Slf    15,066.00          15,066.00   

 

- 18 -


Table of Contents

PENN VIRGINIA CORPORATION AND AFFILIATED COMPANIES

EMPLOYEES’ 401(k) PLAN

SCHEDULE OF REPORTABLE TRANSACTIONS

Year Ended December 31, 2006

 

 

    

PENN VIRGINIA CORPORATION

    

EIN

   PN                    
    

FORM 5500,

   27d                    
    

Schedule of Reportable Transactions for Plan Year Ended 12/31/2006

A S S E T    T O T A L S                        

IDENTITY OF PARTY INVOLVED

 

DESCRIPTION OF ASSET

  

PURCHASE

PRICE

  

SELLING

PRICE

  

COST OF

ASSET

  

CURRENT
VALUE

OF ASSET

  

NET GAIN/

LOSS

  Penn VA 401k Slf    45.38          45.38   
  Penn VA 401k Slf       7,797.91    7,797.91      
  Penn VA 401k Slf       43.57    43.57      
  Penn VA 401k Slf    0.07          0.07   
  Penn VA 401k Slf       48,447.05    48,447.05      
  Penn VA 401k Slf    15,235.01          15,235.01   
  Penn VA 401k Slf       1.33    1.33      
  Penn VA 401k Slf       15,199.85    15,199.85      
  Penn VA 401k Slf    15,215.43          15,215.43   
  Penn VA 401k Slf    131.51          131.51   
  Penn VA 401k Slf       15,248.12    15,248.12      
  Penn VA 401k Slf    15,873.05          15,873.05   
  Penn VA 401k Slf    5.81          5.81   
  Penn VA 401k Slf    15,837.79          15,837.79   
  Penn VA 401k Slf       31,870.69    31,870.69      
  Penn VA 401k Slf    23,083.84          23,083.84   
  Penn VA 401k Slf       0.01    0.01      

 

- 19 -


Table of Contents

PENN VIRGINIA CORPORATION AND AFFILIATED COMPANIES

EMPLOYEES’ 401(k) PLAN

SCHEDULE OF REPORTABLE TRANSACTIONS

Year Ended December 31, 2006

 

    

PENN VIRGINIA CORPORATION

    

EIN

   PN                    
    

FORM 5500,

   27d                    
    

Schedule of Reportable Transactions for Plan Year Ended 12/31/2006

A S S E T    T O T A L S                        

IDENTITY OF PARTY INVOLVED

 

DESCRIPTION OF ASSET

  

PURCHASE

PRICE

  

SELLING

PRICE

  

COST OF

ASSET

  

CURRENT
VALUE

OF ASSET

  

NET GAIN/

LOSS

  Penn VA 401k Slf    75.45          75.45   
  Penn VA 401k Slf       18.91    18.91      
  Penn VA 401k Slf    16,460.85          16,460.85   
  Penn VA 401k Slf    2.91          2.91   
  Penn VA 401k Slf       39,491.26    39,491.26      
  Penn VA 401k Slf    1,237.09          1,237.09   
  Penn VA 401k Slf    3,828.60          3,828.60   
  Penn VA 401k Slf    15,995.07          15,995.07   
  Penn VA 401k Slf    44,550.90          44,550.90   
  Penn VA 401k Slf       10,724.23    10,724.23      
  Penn VA 401k Slf       54,901.33    54,901.33      
  Penn VA 401k Slf    109.85          109.85   
  Penn VA 401k Slf    42,147.32          42,147.32   
  Penn VA 401k Slf    17,364.94          17,364.94   
  Penn VA 401k Slf    436.96          436.96   
  Penn VA 401k Slf       59,971.63    59,971.63      
  Penn VA 401k Slf    16,309.90          16,309.90   

 

- 20 -


Table of Contents

PENN VIRGINIA CORPORATION AND AFFILIATED COMPANIES

EMPLOYEES’ 401(k) PLAN

SCHEDULE OF REPORTABLE TRANSACTIONS

Year Ended December 31, 2006

 

 

    

PENN VIRGINIA CORPORATION

    

EIN

   PN                    
    

FORM 5500,

   27d                    
    

Schedule of Reportable Transactions for Plan Year Ended 12/31/2006

A S S E T    T O T A L S                        

IDENTITY OF PARTY INVOLVED

 

DESCRIPTION OF ASSET

  

PURCHASE

PRICE

  

SELLING

PRICE

  

COST OF

ASSET

  

CURRENT
VALUE

OF ASSET

  

NET GAIN/

LOSS

  Penn VA 401k Slf       16,414.20    16,414.20      
  Penn VA 401k Slf    181.07          181.07   
  Penn VA 401k Slf    8,000.00          8,000.00   
  Penn VA 401k Slf    16,418.91          16,418.91   
  Penn VA 401k Slf       24,718.67    24,718.67      
  Penn VA 401k Slf       45.01    45.01      
  Penn VA 401k Slf    15,849.72          15,849.72   
  Penn VA 401k Slf       1.88    1.88      
  Penn VA 401k Slf       15,641.50    15,641.50      
  Penn VA 401k Slf    15,948.25          15,948.25   
  Penn VA 401k Slf       16,058.91    16,058.91      
  Penn VA 401k Slf       10.42    10.42      
  Penn VA 401k Slf    14,947.59          14,947.59   
  Penn VA 401k Slf    36,500.17          36,500.17   
  Penn VA 401k Slf       4,189.83    4,189.83      
  Penn VA 401k Slf    415.05          415.05   
  Penn VA 401k Slf       47,337.39    47,337.39      

 

- 21 -


Table of Contents

PENN VIRGINIA CORPORATION AND AFFILIATED COMPANIES

EMPLOYEES’ 401(k) PLAN

SCHEDULE OF REPORTABLE TRANSACTIONS

Year Ended December 31, 2006

 

 

    

PENN VIRGINIA CORPORATION

    

EIN

   PN                    
    

FORM 5500,

   27d                    
    

Schedule of Reportable Transactions for Plan Year Ended 12/31/2006

A S S E T    T O T A L S                        

IDENTITY OF PARTY INVOLVED

 

DESCRIPTION OF ASSET

  

PURCHASE

PRICE

  

SELLING

PRICE

  

COST OF

ASSET

  

CURRENT
VALUE

OF ASSET

  

NET GAIN/

LOSS

  Penn VA 401k Slf       227.50    227.50      
  Penn VA 401k Slf    14,900.56          14,900.56   
  Penn VA 401k Slf    78.46          78.46   
  Penn VA 401k Slf       14,976.84    14,976.84      
  Penn VA 401k Slf    15,024.74          15,024.74   
  Penn VA 401k Slf    22,765.01          22,765.01   
  Penn VA 401k Slf    4,269.41          4,269.41   
  Penn VA 401k Slf       41,804.47    41,804.47      
  Penn Virginia Corp Stock       89,087.48    23,473.15       65,614.33
  Penn Virginia Corp Stock    13,595.31          13,595.31   
  Penn Virginia Corp Stock       73.35    38,140.39       -38,067.04
  Penn Virginia Corp Stock    252,637.26          252,637.26   
  Penn Virginia Corp Stock       3,403.80    2,447.81       955.99
  Penn Virginia Corp Stock       341.40    298.52       42.88
  Penn Virginia Corp Stock    24,485.36          24,485.36   
  Penn Virginia Corp Stock    13,775.20          13,775.20   
  Penn Virginia Corp Stock    17,450.10          17,450.10   

 

- 22 -


Table of Contents

PENN VIRGINIA CORPORATION AND AFFILIATED COMPANIES

EMPLOYEES’ 401(k) PLAN

SCHEDULE OF REPORTABLE TRANSACTIONS

Year Ended December 31, 2006

 

    

PENN VIRGINIA CORPORATION

    

EIN

   PN                    
    

FORM 5500,

   27d                    
    

Schedule of Reportable Transactions for Plan Year Ended 12/31/2006

A S S E T    T O T A L S                        

IDENTITY OF PARTY INVOLVED

 

DESCRIPTION OF ASSET

  

PURCHASE

PRICE

  

SELLING

PRICE

  

COST OF

ASSET

  

CURRENT
VALUE

OF ASSET

  

NET GAIN/

LOSS

  Penn Virginia Corp Stock       783.78    685.36       98.42
  Penn Virginia Corp Stock    111,656.86          111,656.86   
  Penn Virginia Corp Stock       57,228.43    57,228.43      
  Penn Virginia Corp Stock       47,623.25    12,760.83       34,862.42
  Penn Virginia Corp Stock    26,399.14          26,399.14   
  Penn Virginia Corp Stock       54.83    23.80       31.03
  Penn Virginia Corp Stock       176,095.31    24,838.99       151,256.32
  Penn Virginia Corp Stock       7,095.94    5,232.82       1,863.12
  Penn Virginia Corp Stock       2,020.26    1,521.63       498.63
  Penn Virginia Corp Stock    16,074.34          16,074.34   
  Penn Virginia Corp Stock       259.91    190.95       68.96
  Penn Virginia Corp Stock       950.71    671.05       279.66
  Penn Virginia Corp Stock    15,139.86          15,139.86   
  Penn Virginia Corp Stock    14,893.98          14,893.98   
  Penn Virginia Corp Stock       923.46    847.64       75.82
  Penn Virginia Corp Stock       41,680.96    27,716.01       13,964.95
  Penn Virginia Corp Stock    48,447.05          48,447.05   

 

- 23 -


Table of Contents

PENN VIRGINIA CORPORATION AND AFFILIATED COMPANIES

EMPLOYEES’ 401(k) PLAN

SCHEDULE OF REPORTABLE TRANSACTIONS

Year Ended December 31, 2006

 

 

    

PENN VIRGINIA CORPORATION

    

EIN

   PN                    
    

FORM 5500,

   27d                    
    

Schedule of Reportable Transactions for Plan Year Ended 12/31/2006

A S S E T    T O T A L S                        

IDENTITY OF PARTY INVOLVED

 

DESCRIPTION OF ASSET

  

PURCHASE

PRICE

  

SELLING

PRICE

  

COST OF

ASSET

  

CURRENT
VALUE

OF ASSET

  

NET GAIN/

LOSS

  Penn Virginia Corp Stock       18,258.13    9,774.01       8,484.12
  Penn Virginia Corp Stock    15,199.85          15,199.85   
  Penn Virginia Corp Stock    15,248.12          15,248.12   
  Penn Virginia Corp Stock       0.13    0.12       0.01
  Penn Virginia Corp Stock    31,870.69          31,870.69   
  Penn Virginia Corp Stock       133,844.57    38,872.76       94,971.81
  Penn Virginia Corp Stock       6,740.98    5,584.63       1,156.35
  Penn Virginia Corp Stock       21,296.23    6,517.71       14,778.52
  Penn Virginia Corp Stock    39,491.26          39,491.26   
  Penn Virginia Corp Stock       149,011.78    30,976.40       118,035.38
  Penn Virginia Corp Stock       27,457.33    4,631.52       22,825.81
  Penn Virginia Corp Stock       13,784.63    6,907.54       6,877.09
  Penn Virginia Corp Stock       164,556.42    36,787.61       127,768.81
  Penn Virginia Corp Stock       249,015.02    41,683.64       207,331.38
  Penn Virginia Corp Stock    164,703.99          164,703.99   
  Penn Virginia Corp Stock       109,802.66    109,802.66      
  Penn Virginia Corp Stock       400,798.17    63,195.55       337,602.62

 

- 24 -


Table of Contents

PENN VIRGINIA CORPORATION AND AFFILIATED COMPANIES

EMPLOYEES’ 401(k) PLAN

SCHEDULE OF REPORTABLE TRANSACTIONS

Year Ended December 31, 2006

 

    

PENN VIRGINIA CORPORATION

    

EIN

   PN                    
    

FORM 5500,

   27d                    
    

Schedule of Reportable Transactions for Plan Year Ended 12/31/2006

A S S E T    T O T A L S                        

IDENTITY OF PARTY INVOLVED

 

DESCRIPTION OF ASSET

  

PURCHASE

PRICE

  

SELLING

PRICE

  

COST OF

ASSET

  

CURRENT
VALUE

OF ASSET

  

NET GAIN/

LOSS

  Penn Virginia Corp Stock       59,976.30    11,450.59       48,525.71
  Penn Virginia Corp Stock       2,867.76    1,558.95       1,308.81
  Penn Virginia Corp Stock       46,655.74    7,807.72       38,848.02
  Penn Virginia Corp Stock    52,180.58          52,180.58   
  Penn Virginia Corp Stock       256,967.79    45,805.27       211,162.52
  Penn Virginia Corp Stock    16,414.20          16,414.20   
  Penn Virginia Corp Stock       82,165.10    19,915.74       62,249.36
  Penn Virginia Corp Stock    24,718.67          24,718.67   
  Penn Virginia Corp Stock       59,233.03    18,120.53       41,112.50
  Penn Virginia Corp Stock       24,673.92    22,077.44       2,596.48
  Penn Virginia Corp Stock       1,218.65    1,064.27       154.38
  Penn Virginia Corp Stock       785,336.85    124,295.03       661,041.82
  Penn Virginia Corp Stock    109,111.44          109,111.44   
  Penn Virginia Corp Stock       109,111.44    18,534.27       90,577.17
  Penn Virginia Corp Stock    15,641.50          15,641.50   
  Penn Virginia Corp Stock       37,577.53    10,902.58       26,674.95
  Penn Virginia Corp Stock       372,330.15    57,545.18       314,784.97

 

- 25 -


Table of Contents

PENN VIRGINIA CORPORATION AND AFFILIATED COMPANIES

EMPLOYEES’ 401(k) PLAN

SCHEDULE OF REPORTABLE TRANSACTIONS

Year Ended December 31, 2006

 

 

    

PENN VIRGINIA CORPORATION

    

EIN

   PN                    
    

FORM 5500,

   27d                    
    

Schedule of Reportable Transactions for Plan Year Ended 12/31/2006

A S S E T    T O T A L S                        

IDENTITY OF PARTY INVOLVED

 

DESCRIPTION OF ASSET

  

PURCHASE

PRICE

  

SELLING

PRICE

  

COST OF

ASSET

  

CURRENT
VALUE

OF ASSET

  

NET GAIN/

LOSS

  Penn Virginia Corp Stock       314,178.63    50,805.39       263,373.24
  Penn Virginia Corp Stock       287,068.11    48,078.24       238,989.87
  Penn Virginia Corp Stock       59,364.92    23,616.85       35,748.07
  Penn Virginia Corp Stock    16,058.91          16,058.91   
  Penn Virginia Corp Stock       186,000.00    31,097.69       154,902.31
  Penn Virginia Corp Stock       53,113.88    14,714.78       38,399.10
  Penn Virginia Corp Stock       100,020.93    16,167.58       83,853.35
  Penn Virginia Corp Stock       25,165.70    17,543.96       7,621.74
  Penn Virginia Corp Stock    47,337.39          47,337.39   
  Penn Virginia Corp Stock       154,438.04    24,730.85       129,707.19
  Penn Virginia Corp Stock       121.22    112.69       8.53
  Penn Virginia Corp Stock    14,976.84          14,976.84   
  Penn Virginia Corp Stock       1,788.25    820.22       968.03
  Penn Virginia Corp Stock    41,804.47          41,804.47   
  Penn Virginia Corp Stock       4,000.00    3,405.95       594.05
  T Rowe Ret 2030 R    3,534.39          3,534.39   
  T Rowe Ret 2030 R    3,598.86          3,598.86   

 

- 26 -


Table of Contents

PENN VIRGINIA CORPORATION AND AFFILIATED COMPANIES

EMPLOYEES’ 401(k) PLAN

SCHEDULE OF REPORTABLE TRANSACTIONS

Year Ended December 31, 2006

 

 

    

PENN VIRGINIA CORPORATION

    

EIN

   PN                    
    

FORM 5500,

   27d                    
    

Schedule of Reportable Transactions for Plan Year Ended 12/31/2006

A S S E T    T O T A L S                        

IDENTITY OF PARTY INVOLVED

 

DESCRIPTION OF ASSET

  

PURCHASE

PRICE

  

SELLING

PRICE

  

COST OF

ASSET

  

CURRENT
VALUE

OF ASSET

  

NET GAIN/

LOSS

  T Rowe Ret 2030 R    3,548.71          3,548.71   
  T Rowe Ret 2030 R    3,537.28          3,537.28   
  T Rowe Ret 2030 R    4,048.85          4,048.85   
  T Rowe Ret 2030 R       49,894.30    42,301.74       7,592.56
  T Rowe Ret 2030 R    50,484.94          50,484.94   
  T Rowe Ret 2030 R    4,009.64          4,009.64   
  T Rowe Ret 2030 R    2,359.06          2,359.06   
  T Rowe Ret 2030 R       2,359.06    2,359.06      
  T Rowe Ret 2030 R    3,924.24          3,924.24   
  T Rowe Ret 2030 R    4,170.94          4,170.94   
  T Rowe Ret 2030 R    4,047.97          4,047.97   
  T Rowe Ret 2030 R    3,906.43          3,906.43   
  T Rowe Ret 2030 R    206.50          206.50   
  T Rowe Ret 2030 R    4,357.91          4,357.91   
  T Rowe Ret 2030 R       23,460.62    22,109.79       1,350.83
  T Rowe Ret 2030 R    8,270.30          8,270.30   
  T Rowe Ret 2030 R    3,999.97          3,999.97   

 

- 27 -


Table of Contents

PENN VIRGINIA CORPORATION AND AFFILIATED COMPANIES

EMPLOYEES’ 401(k) PLAN

SCHEDULE OF REPORTABLE TRANSACTIONS

Year Ended December 31, 2006

 

    

PENN VIRGINIA CORPORATION

    

EIN

   PN                    
    

FORM 5500,

   27d                    
    

Schedule of Reportable Transactions for Plan Year Ended 12/31/2006

A S S E T    T O T A L S                        

IDENTITY OF PARTY INVOLVED

 

DESCRIPTION OF ASSET

  

PURCHASE

PRICE

  

SELLING

PRICE

  

COST OF

ASSET

  

CURRENT
VALUE

OF ASSET

  

NET GAIN/

LOSS

  T Rowe Ret 2030 R    4,413.10          4,413.10   
  T Rowe Ret 2030 R    4,358.04          4,358.04   
  T Rowe Ret 2030 R    4,027.56          4,027.56   
  T Rowe Ret 2030 R       23,083.84    21,702.18       1,381.66
  T Rowe Ret 2030 R    3,925.14          3,925.14   
  T Rowe Ret 2030 R    4,018.66          4,018.66   
  T Rowe Ret 2030 R    1,132.26          1,132.26   
  T Rowe Ret 2030 R    203,978.46          203,978.46   
  T Rowe Ret 2030 R    0.40          0.40   
  T Rowe Ret 2030 R    3,855.36          3,855.36   
  T Rowe Ret 2030 R    3,902.59          3,902.59   
  T Rowe Ret 2030 R    0.07          0.07   
  T Rowe Ret 2030 R    3,868.84          3,868.84   
  T Rowe Ret 2030 R    97,973.86          97,973.86   
  T Rowe Ret 2030 R    560,336.86          560,336.86   
  T Rowe Ret 2030 R    4,278.89          4,278.89   
  T Rowe Ret 2030 R    372,659.56          372,659.56   

 

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Table of Contents

PENN VIRGINIA CORPORATION AND AFFILIATED COMPANIES

EMPLOYEES’ 401(k) PLAN

SCHEDULE OF REPORTABLE TRANSACTIONS

Year Ended December 31, 2006

 

 

    

PENN VIRGINIA CORPORATION

    

EIN

   PN                    
    

FORM 5500,

   27d                    
    

Schedule of Reportable Transactions for Plan Year Ended 12/31/2006

A S S E T    T O T A L S                        

IDENTITY OF PARTY INVOLVED

 

DESCRIPTION OF ASSET

  

PURCHASE

PRICE

  

SELLING

PRICE

  

COST OF

ASSET

  

CURRENT
VALUE

OF ASSET

  

NET GAIN/

LOSS

  T Rowe Ret 2030 R    4,329.22          4,329.22   
  T Rowe Ret 2030 R    10,000.00          10,000.00   
  T Rowe Ret 2030 R    12,607.72          12,607.72   
  T Rowe Ret 2030 R    4,349.75          4,349.75   
  T Rowe Ret 2030 R    0.05          0.05   
  T Rowe Ret 2030 R    4,257.82          4,257.82   
  T Rowe Ret 2030 R    6,749.68          6,749.68   
  T Rowe Ret 2030 R    44,066.23          44,066.23   
PNC BANK   PNC Investment Contract Fund    1,121,122.05    383,869.55    363,512.11    1,121,122.05    20,357.44
  Federated Total Return Bond    744,982.68    241,675.39    246,054.56    744,982.68    -4,379.17
  AIM Basic Value    233,784.92    78,027.98    69,790.66    233,784.92    8,237.32
  Federated Capital Appreciation    63,970.48    562,931.85    515,568.81    63,970.48    47,363.04
  MFS MA Investors Growth Stock    149,338.10    181,859.71    168,420.24    149,338.10    13,439.47
  MFS Strategic Growth    53,849.06    844,166.18    847,657.53    53,849.06    -3,491.35
  Janus Adviser Intl Growth    0.00    0.00    0.00    0.00   
  Federated Mid-Cap Index    394,178.13    235,830.94    208,131.33    394,178.13    27,699.61
  Fidelity Advisor Value Strat    291,354.89    37,414.33    39,132.97    291,354.89    -1,718.64

 

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Table of Contents

PENN VIRGINIA CORPORATION AND AFFILIATED COMPANIES

EMPLOYEES’ 401(k) PLAN

SCHEDULE OF REPORTABLE TRANSACTIONS

Year Ended December 31, 2006

 

    

PENN VIRGINIA CORPORATION

    

EIN

   PN                    
    

FORM 5500,

   27d                    
    

Schedule of Reportable Transactions for Plan Year Ended 12/31/2006

A S S E T    T O T A L S                        

IDENTITY OF PARTY INVOLVED

 

DESCRIPTION OF ASSET

  

PURCHASE

PRICE

  

SELLING

PRICE

  

COST OF

ASSET

  

CURRENT
VALUE

OF ASSET

  

NET GAIN/

LOSS

  Penn Virginia Corp Stock    1,159,312.37    4,745,562.86    1,120,983.30    1,159,312.37    3,624,579.56
  Penn VA 401k Slf    1,008,910.64    1,008,564.03    1,008,564.03    1,008,910.64   

BANK FUND

  Loan    126,144.02    56,497.28    56,497.28    126,144.02   
  Fidelity Advisor Div Int’l    970,978.76    148,073.95    123,451.80    970,978.76    24,622.15
  Royce Low Price Stock    874,303.27    28,693.38    26,237.51    874,303.27    2,455.87
  T Rowe Ret 2010 R    255,878.31    887.78    846.88    255,878.31    40.90
  T Rowe Ret 2020 R    604,988.35    110,820.67    107,168.74    604,988.35    3,651.93
  T Rowe Ret 2030 R    1,467,096.11    98,797.82    88,472.77    1,467,096.11    10,325.05
  T Rowe Ret 2040 R    169,779.17    2,546.46    2,413.54    169,779.17    132.92
  T Rowe Ret Income R    3,161.51    13,596.55    12,588.63    3,161.51    1,007.92
  T Rowe Growth Stock R    1,098,709.03    71,896.84    69,880.57    1,098,709.03    2,016.27
  Fid Spartan US Equity Index Fd    821,618.35    5,168.59    4,853.60    821,618.35    314.99
  American Beacon Lg Cap Value    494.49    0.00    0.00    494.49   

 

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EXHIBITS

The following document is filed as an exhibit to this Annual Report on Form 11-K:

 

Exhibit
Number
 

Description

23   Consent of Independent Registered Public Accounting Firm

 

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Table of Contents

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.

 

PENN VIRGINIA CORPORATION AND AFFILIATED COMPANIES

EMPLOYEES’ 401(k) PLAN

By:  

/s/ Frank A. Pici

 

Frank A. Pici

Executive Vice President and Chief Financial Officer, Penn Virginia Corporation

Member, Plan Administrative Committee

Date:   July 2, 2007

 

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