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

Insider Trading

December 21, 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.

AlliedSignal Inc.

Peter M. Kreindler, vice president, exercised an option for 20,000 shares of common at $19.38 each Nov. 30 and sold them at $44.25 each Nov. 30 and now directly and indirectly holds 12,587 common.

Donald J. Redlinger, vice president, exercised an option for 25,000 shares of common at $17.18 each Nov. 30 and sold them at $44.50 each Nov. 30 and now directly and indirectly holds 16,912 common.

Biospherics Inc.

Richard Coleman Levin, vice president, exercised an option for 10,000 shares of common at $35 each Nov. 23 and now directly holds 10,798 common.

General Motors Corp.

Gerald L. Elson, vice president, exercised an option for 10,511 shares of common at $39.87 each Nov. 18 and sold them at $72.79 each Nov. 18 and now directly and indirectly holds 12,385 common.

Vera Maureen Kempston-Darkes, vice president, exercised an option for 1,990 shares of common at $38.26 each Nov. 16 and sold them at $71.44 each Nov. 16 and now directly and/or indirectly holds 6,899 common and 380 class H common.

Gerald A. Knechtel, vice president, exercised an option for 13,019 shares of common at $39.87 each Nov. 17 and sold them at $73.57 each Nov. 17 and now directly and/or indirectly holds 8,565 common and 15 class H common.

Dennis R. Minano, vice president, exercised an option for 4,339 shares of common at $34.40 each Nov. 6 and sold them at $67.04 each Nov. 6 and now directly and/or indirectly holds 1,868 class H common and 6,450 common.

Neal Rodney, vice president, exercised an option for 7,894 shares of common between $39.87 and $48.16 each Nov. 18 and sold them at $73.44 each Nov. 18 and now directly and indirectly holds 4,338 common.

David R. Heilman, vice president, exercised an option for 34,461 shares of common between $39.87 and $54.45 each from Nov. 17 to Nov. 25. To cover expenses of the transaction, Heilman turned in 4,163 of them for $71.94 each from Nov. 17 to Nov. 25 and sold 28,047 shares in the open market at $73.57 each from Nov. 17 to Nov. 25 and now directly and/or indirectly holds 12,880 common and 1,179 class H common.

Donald W. Hudler, vice president, exercised an option for 15,688 shares of common between $39.87 and $48.16 each from Nov. 23 to Nov. 30. To cover expenses of the transaction, Hudler turned in 1,122 of them for $70.41 each from Nov. 23 to Nov. 30 and sold 13,688 shares in the open market between $70.41 and $72.10 each from Nov. 23 to Nov. 30 and now directly and/or indirectly holds 7,879 common and 1,118 class H common.

William Allen Reed, vice president, exercised an option for 8,000 shares of class H common at $14.66 each Nov. 4 and sold them at $40.88 each Nov. 4 and now directly and/or indirectly holds 3,156 class H common and 8,601 common.

William Allen Reed, vice president, exercised an option for 14,644 shares of common between $39.87 and $46.78 each Nov. 20. To cover expenses of the transaction, Reed turned in 2,745 of them for $72.79 each Nov. 20 and sold 10,000 shares in the open market at $71.94 each Nov. 20 and now directly and/or indirectly holds 3,156 class H common and 8,601 common.

Hans J. Weiser, vice president, exercised an option for 7,052 shares of common at $54.45 each Nov. 12 and sold them at $67.16 each Nov. 12 and now directly holds 5,435 common and 579 class H common.

Mid Atl Med Svcs Inc.

Joseph L. Guarriello, director, sold 10,000 shares of common at $10 each Nov. 19 and now directly and indirectly holds 120,500 common.

Mid-Atlantic Rlty Trust

Jack H. Pechter, director, indirectly purchased 3,200 shares of share beneficial interest at $12.13 each Nov. 20 and now indirectly holds 28,300 shares beneficial interest.

Ryland Group Inc.

Robert J. Gaw, director, sold 10,000 shares of common between $26.50 and $27.13 each from Nov. 9 to Nov. 10 and now directly holds 115,319 common.

Town & Country Trust

James H. Berick, director, purchased 2,700 shares of share beneficial interest at $15 each Nov. 19 and now directly and indirectly holds 9,900 shares beneficial interest.

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

Pub Date: 12/21/98

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