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

Insider Trading

November 30, 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.

General Motors Corp.

Charles Howard Noski, officer of subsidiary, indirectly exercised an option for 10,128 shares of Class H common at an unreported price Oct. 17. To cover expenses of the transaction, Noski turned in 3,586 of them for $33.69 each Oct. 17 and now indirectly holds 23,809 Class H common and 2,782 common.

Lockheed Martin Corp.

Norman R. Augustine, director, sold 97,998 shares of common at between $101.06 and $103.81 each Oct. 2 and now directly and indirectly holds 10,113 common.

Petroleum & Resources

W. D. MacCallan, director, sold 4,000 shares of common for $32.88 each Oct. 30 and now directly holds 17,006 common.

Procter & Gamble Co.

Harald Einsmann, director, exercised an option for 60,000 shares of common at $20.94 each from Oct. 26 to Oct. 27 and sold 62,000 shares for between $87 and $88.25 each from Oct. 26 to Oct. 27, 1998. He now directly holds 19,241 shares of common.

Mark D. Ketchum, vice president, exercised an option for 2,500 shares of common at $11.20 each Oct. 26 and sold 2,200 shares at $87.50 each Oct. 26, and now directly and indirectly holds 23,880 shares of common.

Claude L. Meyer, vice president, exercised an option for 43,192 shares of common at between $40.91 and $44.22 each Oct. 26 and sold 61,520 shares for $66.73 each Oct. 26. He no longer holds shares in the company.

Ryland Group Inc.

Robert J. Gaw, director, sold 20,000 shares of common for between $25.25 and $25.56 each Oct. 27 and now directly holds 49,801 common.

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

Pub Date: 11/30/98

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