SECURITIES AND EXCHANGE COMMISSION
Washington, DC  20549

FORM 8-K

Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934


PITTSBURGH & WEST VIRGINIA RAILROAD
(Exact Name of Registrant as Specified in Its Charter)

Pennsylvania
(State or Other Jurisdiction of Incorporation)



        1-5447                                 25-6002536
(Commission File Number)       (I.R.S. Employer Identification No.)


55 Edison Avenue, West Babylon, New York     11704
(Address of Principal Executive Offices) (Zip Code)

                   (212) 750-0373
 (Registrant's Telephone Number, Including Area Code)



Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligations of the registrant
under any of the following provisions

[ ] Written communications pursuant to Rule 425 under the
Securities Act (17 CFT|R 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under
the Exchange Act (17 CFR 240.14d-2(b))


[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under
the Exchange Act (17 CFR 240.13e-4(c))



SECTION 5: CORPORATE GOVERNANCE AND MANAGEMENT

Item 5.02	Departure of Directors or Principal Officers; Election of
Directors; Appointment of Principal Officers

Item 5.02(b)
On April 28, 2011, the Trustees of Pittsburgh & West Virginia
Railroad (the "Trust") appointed William S. Susman (47) to serve as
a trustee from this date through the next annual shareholders
meeting to be held in May 2011. Mr. Susman has 20 years of
investment banking experience, including significant experience in
the transportation and railroad industry.  As the former head of
Merrill Lynch's Transportation and Consumer Group, Mr. Susman
advised numerous railroad clients, including Burlington Northern,
CSX, Kansas City Southern, Norfolk Southern Railways, TMM and Union
Pacific. Mr. Susman is currently the CEO of a boutique investment
bank, William Susman Advisory, which is affiliated with Milestone
Advisors.  Prior to founding William Susman Advisory, he was
President of Financo, an investment bank focused on retail and
consumer goods.  Mr. Susman began his investment banking career at
Salomon Brothers within their transportation group.  Mr. Susman
sits on the boards of two private companies: Major Brands and
Jonathan Adler Enterprises.  Mr. Susman is a graduate of the
University of Michigan, with a B.S. in Business Administration and
earned a Masters from the Kellogg Graduate School of Management at
Northwestern. Mr. Susman joins Mr. Virgil Wenger and Mr. Haynes as
independent trustees as defined in Section 803A of the NYSE Amex
LLC Company Guide.

SECTION 8: OTHER EVENTS

Item 8.01
On April 29, the Trust released a press release announcing: (i) the
appointment of Mr. William S. Susman as Trustee to serve until its
annual meeting in May 2011; and (ii) the launch of its new
corporate website at wwww.pwreit.com.

A copy of this press release is attached to this report as Exhibit
99.1 and incorporated herein by reference.



SECTION 9	FINANCIAL STATEMENTS AND EXHIBITS

Item 9.01	Financial Statements and Exhibits

(d) Exhibits

Exhibit
No.	Description
99.1	Press Release of Pittsburgh & West Virginia Railroad
	dated April 29, 2011



SIGNATURE

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.



Date: April 29, 2011

PITTSBURGH & WEST VIRGINIA RAILROAD

By:        	/s/ David H. Lesser
Name:		David H. Lesser
Title:     	CEO and Chairman