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

INSIDER TRADING

February 12, 2002

Insider transactions of 1,000 shares or more for public companies based in Maryland or with operations here.

Ryland Group Inc.

Kipling W. Scott, officer, exercised an option for 10,000 shares of common at $23.50 each Jan. 29 and sold 10,000 shares at $77.11 each Jan. 29 and now directly and indirectly holds 4,769.

Ned Mansour, director, exercised an option for 5,000 shares of common at $40.75 each Jan. 30 and sold 5,000 shares at $79.20 each Jan. 30 and now directly and indirectly holds 1,999.

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