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

Insider Trading

May 26, 1998

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.

Adams Express Co.

Joseph M. Truta, president, indirectly exercised an option for 7,500 shares of common at $6.44 each April 14. To cover expenses of the transaction, Truta turned in 7,500 of them for $27.94 each April 14 and now directly and indirectly holds 66,004 common.

AlliedSignal Inc.

Peter M. Kreindler, vice president, exercised an option for 30,000 shares of common at $17.79 each April 28-30 and sold them between $42.56 and $44.36 each April 28-30. He now directly and indirectly holds 12,427 common.

Russell E. Palmer, director, sold 1,000 shares of common at $44.50 each April 30 and now directly holds 7,000 common.

Columbia Bancorp.

Harry L. Lundy, director, disposed of by gift 3,300 shares of common at an unreported price April 10. Lundy indirectly acquired by gift 3,300 shares of common at an unreported price that day and directly and indirectly holds 58,823 common.

James R. Moxley, director, exercised an option for 3,300 shares of common at $9.09 each April 13 and now directly and indirectly holds 23,817 common.

Garnett V. Clark, director, sold 1,250 shares of common at $35.88 each April 24 and now directly holds 20,286 common.

Theodore G. Venetoulis, director, acquired 6,600 shares of common at an unreported price April 9. Venetoulis indirectly acquired by gift 3,300 shares of common at an unreported price April 9-21 and sold 3,300 shares at $36 each April 9-21 and now directly and indirectly holds 12,983 common.

Columbia Energy Group

Karen L. Hendricks, director, purchased 1,000 shares of common at $80.22 each April 23 and now directly holds 1,000 common.

Legg Mason Inc.

Francis B. Bilson, vice president, exercised an option for 3,333 shares of common at $7.50 each April 23 and now directly holds 11,099 common.

James W. Brinkley, director, exercised an option for 12,500 shares of common at $7.50 each April 21. To cover expenses of the transaction, Brinkley turned in 1,491 of them for $62.88 each April 21 and disposed of, by gift, 192 shares at an unreported price April 21 and now directly holds 311,926 common.

Martek Biosci. Corp.

Sandra Panem, director, indirectly purchased 319,787 shares of common at $15.64 each April 27 and now indirectly holds 390,352 common.

William D. Smart, director, exercised an option for 12,500 shares of common at $2 each April 27 and now directly and indirectly holds 22,500 common.

N. Am. Vaccine Inc.

Lyle Kasprick, director, exercised an option for 127,000 shares of common at $12.88 each April 27. To cover expenses of the transaction, Kasprick turned in 98,724 of them for $16.56 each April 27 and now directly holds 416,270 common.

Sharon Mates, director, exercised an option for 196,815 shares of common at $12.88 each April 24-30. To cover expenses of the transaction, Mates turned in 90,282 of them for $16.88 each April 24-30 and now directly and indirectly holds 302,580 common.

Ryland Group Inc.

James A. Flick, director, purchased 1,000 shares of common at $20.50 each April 29 and now directly holds 7,650 common.

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

Pub Date: 5/26/98

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