Below are insider transactions of 1,000 shares or more for...

Insider Trading

December 30, 1996

Below are insider transactions of 1,000 shares or more for publicly held companies based in Maryland or having substantial operations here. Insiders are officers, directors or owners of 10 percent or more of a corporation's stock.

Alex. Brown Inc.

Steven Muller, director, exercised an option for 1,500 shares of common at $17.44 each on Nov. 6 and now directly holds 4,292 common.

Lockheed Martin Corp.

Vincent Norman Marafino, director, sold 5,984 shares of common at $94.69 each on Nov. 20 and now directly and indirectly holds 87,169 common.

Procter & Gamble Co.

Harald Einsmann, officer and director, exercised an option for 32,000 shares of common at $20.81 each on Nov. 5 and sold 28,266 shares at $102.06 each on Nov. 5. He now directly holds 15,250 common.

Edwin H. Eaton, vice president, exercised an option for 12,800 and disposed of 224 shares of common at $20.81 each from Nov. 6 to Nov. 25. He now directly and indirectly holds 86,387 common.

Travelers Group Inc.

James Dimon, president, exercised an option for 30,000 shares of common at $36 each on Nov. 14. To cover expenses of the transaction Dimon turned in 23,954 of them for $59.88 each on Nov. 14 and now directly and indirectly holds 1,248,094 common.

Jay S. Fishman, vice president, exercised an option for 12,000 shares of common at $36 each on Nov. 14. To cover expenses of the transaction, Fishman turned in 9,463 of them for $59.88 each on Nov. 14 and now directly and indirectly holds 152,308 common.

Jeffrey B. Lane, director, exercised an option for 18,315 shares of com- mon between $36 and $46 each from Nov. 5 to Nov. 14. To cover expenses of the transaction, Lane turned in 16,225 of them between $39.88 and $59.88 each from Nov. 5 to Nov. 14 and now directly and indirectly holds 417,060 common.

Robert I. Lipp, officer and director, exercised an option for 15,000 shares of common at $36 each on Nov. 14. To cover expenses of the transaction, Lipp turned in 11,829 of them for $59.88 each on Nov. 14 and now directly and indirectly holds 1,026,127 common.

Joseph J. Plumeri, director, exercised an option for 96,033 shares of common between $21.42 and $40.67 each on Nov. 11. To cover expenses of the transaction, Plumeri turned in 73,356 of them for $62.50 each on Nov. 11 and now directly and indirectly holds 205,116 common.

Sanford I. Weill, chairman, exercised an option for 38,913 shares of common at $46 each from Nov. 5 to Nov. 15. To cover expenses of the transaction, Weill turned in 35,583 of them for $55.38 each from Nov. 5 to Nov. 15 and disposed of by gift 33,333 shares at an unreported price from Nov. 5 to Nov. 15. He now directly and indirectly holds 8,839,296 common.

Tessco Technologies Inc.

Steven E. Lehukey, officer, sold 4,500 shares of common between $36.11 and $36.25 each from Nov. 14 to Nov. 22 and now directly holds 3,000 common.

Youth Services Int. Inc.

Fletcher Jay McCusker, vice president, exercised an option for 30,000 shares of common at $13.25 each on Nov. 7 and sold them between $15.75 and $15.88 each on Nov. 7 and no longer holds shares in the company.

Insider Trading is written by CDA/Investnet of Fort Lauderdale, Fla.

Pub Date: 12/30/96

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