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

INSIDER TRADING

May 07, 2001

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.

Columbia Bancorp

John A. Scaldara, vice president, exercised an option for 2,200 shares of common at $4.55 each March 16 and now directly and indirectly holds 16,941.

Michael T. Galeone, vice president, exercised an option for 6,600 shares of common at $4.55 each March 14 and now directly and indirectly holds 12,622.

Robert W. Locke, vice president, exercised an option for 2,200 shares of common at $4.55 each March 9 and now directly and indirectly holds 24,424.

Essex Corp.

Caroline S. Pisano, director, purchased 62,500 shares of common at $4 each March 30 and now directly and indirectly holds 148,500.

John G. Hannon, director, purchased 62,500 shares of common at $4 each March 30 and now directly and indirectly holds 142,725.

H. J. Leonard, chairman, purchased 62,500 shares of common at $4 each March 30 and now directly and indirectly holds 172,000.

Legg Mason Inc.

Thomas P. Mulroy, vice president, exercised an option for 10,584 shares of common at $10.85 each March 8 and now directly holds 50,332.

William C. Livingston, director, exercised an option for 8,000 shares of common at $10.85 each March 14 and sold 1,919 shares at $45.23 each March 14 and now directly and indirectly holds 56,383.

Lockheed Martin Corp.

Philip J. Duke, vice president, exercised an option for 30,000 shares of common at $18.50 each March 6 and sold 28,258 shares at $37.55 each March 6. To cover transaction expenses, Duke turned in 742 of them and now directly and indirectly holds 26,485.

Marriott International

Edwin D. Fuller, vice president, sold 1,421 shares of Class A common for $41.35 to $41.50 each March 9 and now directly and indirectly holds 2,417.

J. W. Marriott, chairman, sold 61,560 shares of common for $41 to $41.10 each from March 8 to March 9 and now directly and indirectly holds 23,551,678.

James M. Sullivan, vice president, exercised an option for 55,042 shares of Class A common at $3.19 to $3.24 each March 1 and sold 55,042 shares at $41.42 each March 1 and now directly and indirectly holds 147,712.

Richard E. Marriott, director, sold 61,560 shares of common for $41 to $41.10 each from March 8 to March 9 and now directly and indirectly holds 24,535,339.

Insider Trading is compiled by Thomson Financial/First Call.

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