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

INSIDER TRADING

July 24, 2000

These 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.

Cel-Sci Corp.

Maximilian Declara, president, sold 30,000 shares of common at between $3 and $3.44 each from June 1 to June 16, and the holdings were not reported.

Harbor Federal Bancorp

Robert A. Williams, president, exercised an option for 500 shares of common at $9.66 each June 13 and now directly and indirectly holds 63,250.

Legg Mason Inc.

Charles A. Bacigalupo, director, exercised an option for 8,000 shares of common at $10.59 each June 2. To cover transaction expenses, Bacigalupo turned in 1,876 of them and now directly and indirectly holds 234,104.

MedImmune Inc.

Michael J. Barrett, director, exercised an option for 30,000 shares of common at between $2.25 and $10.40 each June 7 and sold 30,000 shares at $64.52 each June 7, and now directly holds none.

Meridian Medical Tech.

Robert G. Foster, director, sold 89 shares of common at $8.56 each June 2 and now directly and indirectly holds 55,232.

T. Rowe Price & Assoc.

Charles E. Vieth, director, sold 20,000 shares of common at between $41.31 and $43.44 each from June 5 to June 26 and now directly and indirectly holds 351,061.

James A. Kennedy, affiliated person, exercised an option for 15,000 shares of common at $4.25 each June 12 and sold 15,000 shares at $41.82 each June 12 and now directly holds 1,161,812.

James S. Riepe, director, sold 20,000 shares of common at $42.51 each June 5 and now directly and indirectly holds 2,475,410.

John H. Laporte, director, exercised an option for 12,800 shares of common at $1.80 each June 7 and sold 12,800 shares at $42.06 each June 7 and now directly and indirectly holds 1,746,364.

Michael D. Testa, director, exercised an option for 55,600 shares of common at $7.03 each June 5 and sold 55,600 shares for between $43.31 and $43.62 each June 5 and now directly and indirectly holds 1,268,839.

Optelecom Inc.

Edmund D. Ludwig, president, sold 3,000 shares of class PAR $0 common for between $6.19 and $7 each from June 8 to June 14 and now directly holds 108,810.

Provident Bankshares

Herbert W. Jorgensen, director, sold 3,900 shares of common at $14.94 each June 5 and now directly and indirectly holds 7,947.

Insider Trading is written by First Call/Thomson Financial of Rockville.

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