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

Insider Trading

September 18, 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.

Bethlehem Steel Corp.

John B. Curcio, director, purchased 3,500 shares of common stock at $4.38 each Aug. 2 and now directly holds 8,000.

Shirley D. Peterson, director, purchased 5,000 shares of common at $4.06 each Aug. 8 and now directly holds 7,500.

Chesapeake Utilities

Ralph J. Adkins, chairman of the board, purchased 1,000 shares of common at $17.46 each Aug. 16 and now directly and indirectly holds 40,919.

Guilford Pharmaceuticals

Denise Battles, vice president, exercised an option for 5,976 shares of common at between $12.88 and $14.92 each on Aug. 4 and sold 5,976 shares at $16.56 each on Aug. 4 and now directly and indirectly holds 472.

John P. Brennan, vice president, exercised an option for 23,750 shares of common at $6.17 each Aug. 30. To cover transaction expenses, Brennan turned in 5,858 of them and now directly and indirectly holds 76,114.

Legg Mason Inc.

Edmund J. Cashman, director, sold 10,000 shares of common at $54.08 each Aug. 30 and now directly holds 354,365.

James W. Brinkley, director, sold 15,000 shares of common at $52.57 each Aug. 14 and now directly holds 641,142.

Richard J. Himelfarb, director, sold 15,000 shares of common at between $53.01 and $54.19 each from Aug. 4 to Aug. 29 and now directly holds 237,022.

MedImmune Inc.

Armando Anido, vice president, exercised an option for 105,000 shares of common at $36.08 each from Aug. 30 to Aug. 31, and sold 105,000 shares for between $80.07 and $80.47 each from Aug. 30 to Aug. 31 and now directly holds none.

Barbara H. Franklin, director, exercised an option for 30,000 shares of common at $2.02 each Aug. 22 and sold 30,000 shares at $69.95 each Aug. 22 and now directly holds 6,000.

Bogdan Dziurzynski, vice president, sold 125,000 shares of common for between $68.73 and $70.38 each from Aug. 4 to Aug. 7 and now directly holds 121,390.

David M. Mott, director, sold 150,000 shares of common for $70.01 to $70.39 each from Aug. 4 to Aug. 7 and now holds 159,084.

Gordon S. Macklin, director, sold 80,000 shares of common at $70.10 each Aug. 22 and now directly holds 10,000.

James F. Young, vice president, exercised an option for 36,360 shares of common at $2.75 each Aug. 28 and sold 200,000 shares at between $77.96 and $78.55 each from Aug. 28 to Aug. 30, and now directly and indirectly holds 116,179.

Michael J. Barrett, director, exercised an option for 30,000 shares of common at between $2.83 and $24.04 each Aug. 10 and sold 30,000 shares at $67.10 each Aug. 10, and now directly holds none.

Wayne T. Hockmeyer, chairman, sold 24,408 shares of common at $71.68 each Aug. 8. Hockmeyer indirectly sold 9,000 shares of common at $70.28 each Aug. 8 and now directly and indirectly holds none.

Petroleum & Resources

Lawrence L. Hooper, vice president, exercised an option for 627 shares of common at $33.63 each Aug. 17. He turned in 627 shares, and now directly and indirectly holds 392.

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