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

Insider Trading

February 22, 1999

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.

Bell Atlantic Corp.

Lawrence T. Babbio, president, exercised an option for 68,245 shares of common at between $25.03 and $27.84 each Jan. 20. To cover expenses of the transaction, Babbio turned in 32,459 of them for $57.25 each Jan. 20 and sold 9,742 shares in the open market for $57.25 each Jan. 20. He now directly and indirectly holds 111,002 common.

Thomas H. Kean,director, indirectly purchased 2,300 shares of common at $57.94 each Jan. 20 and now directly and indirectly holds 21,937 common.

General Motors Corp.

Darwin E. Clark, vice president, exercised an option for 6,987 shares of common at between $44.31 and $54.45 each from Jan. 4 to Jan. 26. To cover expenses of the transaction, Clark turned in 3,040 of them for between an unreported price and $90.22 each from Jan. 4 to Jan. 26, and sold 3,081 shares in the open market at $90.22 each from Jan. 4 to Jan. 26. He now directly and indirectly holds 14,099 common.

Robert E. Coletta, vice president, exercised an option for 2,990 shares of common at between $48.16 and $54.45 each from Jan. 4 to Jan. 22. To cover expenses of the transaction, Coletta turned in 2,402 of them for between an unreported price and $89.53 each from Jan. 4 to Jan. 22, and sold 807 shares in the open market at $89.13 each from Jan. 4 to Jan. 22. He now directly and indirectly holds 11,065 common.

Wallace W. Creek, officer, exercised an option for 10,849 shares of common at $31.23 each from Jan. 4 to Jan. 28. To cover expenses of the transaction, Creek turned in 1,324 of them at an unreported price from Jan. 4 to Jan. 28, and sold 14,472 shares in the open market for between $92.13 and $92.44 each from Jan. 4 to Jan. 28. He now directly or indirectly holds 8,807 common and 3,210 Class H common.

Thomas J. Davis, vice president, exercised an option for 14,512 shares of common at between $39.87 and $54.45 each from Jan. 4 to Jan. 22. To cover expenses of the transaction, Davis turned in 3,110 of them for between an unreported price and $84.29 each from Jan. 4 to Jan. 22, and sold 12,680 shares in the open market at $89.63 each from Jan. 4 to Jan. 22. He now directly or indirectly holds 14,155 common and 2,247 Class H common.

Louis Ralph Hughes, vice president, exercised an option for 84,288 shares of common at $39.87 each from Jan. 20 to Jan. 29. To cover expenses of the transaction, Hughes turned in 838 of them at an unreported price from Jan. 20 to Jan. 29, and sold 90,086 shares in the open market for between $90.50 and $92.14 each from Jan. 20 to Jan. 29. He now directly or indirectly holds 39,317 common and 20,940 Class H common.

John F. Smith, chairman, exercised an option for 130,194 shares of common at $31.23 each from Jan. 4 to Jan. 7. To cover expenses of the transaction, Smith turned in 90,362 of them for between an unreported price and $77.63 each from Jan. 4 to Jan. 7 and now directly or indirectly holds 2,513 Class H common and 8,905 common.

G. Richard Wagoner, president, exercised an option for 28,984 shares of common at between $31.23 and $44.31 each from Jan. 4 to Jan. 7. To cover expenses of the transaction, Wagoner turned in 22,386 of them for between an unreported price and $77.63 each from Jan. 4 to Jan. 7. He now directly or indirectly holds 61,439 shares of common and 20,141 shares of Class H common.

Richard M. Donnelly, vice president, exercised an option for 55,005 shares of common at between $39.87 and $59.45 each from Jan. 4 to Jan. 22. To cover expenses of the transaction, Donnelly turned in 2,583 of them at an unreported price from Jan. 4 to Jan. 22, and sold 55,005 shares in the open market at $88.63 each from Jan. 4 to Jan. 22. He now directly or indirectly holds 182 common and 3,928 Class H common.

Donald L. Runkle, no longer required to file as an insider, exercised an option for 35,883 shares of common at between $44.31 and $54.45 each from Jan. 4 to Jan. 20. To cover expenses of the transaction, Runkle turned in 3,974 of them for between an unreported price and $81.07 each from Jan. 4 to Jan. 20, and sold 31,977 shares in the open market at $77.63 each from Jan. 4 to Jan. 20. He now directly or indirectly holds 13,802 shares of common and 1,387 shares of Class H common.

Philip Guarascio, officer, exercised an option for 19,653 shares of common at between $48.16 and $56 each from Jan. 4 to Jan. 22. To cover expenses of the transaction, Guarascio turned in 3,733 of them for between an unreported price and $89.63 each from Jan. 4 to Jan. 22, and sold 15,479 shares in the open market at $89.63 each from Jan. 4 to Jan. 22. He now directly or indirectly holds 13,600 common and 2,037 Class H common.

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