Insider transactions of 1,000 shares or more for public...

INSIDER TRADING

November 12, 2001

Insider transactions of 1,000 shares or more for public companies based in Maryland or with operations here. Insiders are officers, directors or owners of 10 percent or more of a corporation's stock.

Ryland Group Inc.

R.C. Dreier, chairman of the board, exercised an option for 10,000 shares of common at $19.63 each on Oct. 24 and sold 10,000 shares for $49.50 each on Oct. 24. Dreier now directly and indirectly holds 163,717 shares.

Insider Trading is compiled by Thomson Financial/First Call.

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