Below are insider transactions of 500 shares or more for...

Insider Trading

November 23, 1998

Below are insider transactions of 500 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.

Black & Decker Corp.

Michael P. Hoopis, no longer required to file as an insider, exercised an option for 16,250 shares of common stock at between $22.56 and $40.44 each Oct. 28 and sold them for $49.86 each Oct. 28. He now directly and indirectly holds 8,959 common.

Bell Atlantic Corp.

James G. Cullen, president, exercised an option for 126,310 shares of common at between $26.53 and $47.58 each Oct. 27. To cover expenses of the transaction, Cullen turned in 67,075 of them for $52.38 each Oct. 27 and sold 20,852 shares in the open market for $52.38 each Oct. 27. He now directly and indirectly holds 136,123 common.

Thomas J. Tauke, vice president, exercised an option for 5,768 shares of common at $22.99 each Oct. 26. To cover expenses of the transaction ,Tauke turned in 2,553 of them for $51.94 each Oct. 26 and now directly and indirectly holds 25,027 common.

Doreen A. Toben, officer, exercised an option for 5,371 shares of common at between $27.84 and $34.13 each Oct. 6. To cover expenses of the transaction, Toben turned in 3,081 of them for $52.16 each Oct. 6 and now directly and indirectly holds 15,876 common.

Columbia Bancorp

Hugh F. Cole, director, purchased 500 shares of common at $14 each Oct. 22. Cole indirectly sold 500 shares of common for $14 each that same day and now directly and indirectly holds 42,953 common.

General Motors Corp.

Thomas A. Gottschalk, vice president, purchased 1,960 shares of common at between $61.44 and $61.69 each Oct. 21 and now directly or indirectly holds 26,085 common and 1,227 Class H common.

W. R. Grace & Co.

James R. Hyde, vice president, exercised an option for 69,787 shares of common at $4.38 each Oct. 30 and sold them for $17 each Oct. 30. He now directly and indirectly holds 30,697 common.

Mercantile Bankshares

Alan D. Yarbro, officer, exercised an option for 6,000 shares and disposed of, by gift, 3,000 shares of common at $17.25 each Oct. 15. Yarbro indirectly acquired by gift 3,000 shares of common at an unreported price that same day and now directly and indirectly holds 6,000 common.

Times Mirror Co.

Donald F. Wright, vice president, sold 6,381 shares of Class A common for $53.88 each Oct. 26 and now directly and indirectly holds 23,345 Class A common.

T. Rowe Price Assoc.

James A. Kennedy, director, exercised an option for 40,000 shares of common at between $1.80 and $18 each from Oct. 7 to Oct. 19. To cover expenses of the transaction, he turned in 10,304 of them for $34.94 each from Oct. 7 to Oct. 19 and now directly holds 1,102,865 common.

US Airways Group Inc.

John R. Long, officer of subsidiary, exercised an option for 5,000 shares of common at $21.75 each Oct. 30 and sold them for $57 each Oct. 30. He now directly holds 29,052 common.

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

Pub Date: 11/23/98

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