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These are insider transactions of 500 shares...

THE BALTIMORE SUN

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.

Florida Rock Industries

S. R. Hays, vice president, exercised an option for 6,000 shares of common at $12.56 each Aug. 15. To cover transaction expenses, Hays turned in 6,000 of them and now directly and indirectly holds 23,720.

Legg Mason Inc.

William C. Livingston, director, exercised an option for 6,512 shares of common at $7.36 each July 28. To cover transaction expenses, Livingston turned in 1,201 of them and now directly and indirectly holds 61,563.

Ryland Group Inc.

Norman J. Metcalfe, director, purchased 3,000 shares of common at $20.25 each Aug. 3 and now directly holds 3,000.

Insider Trading is written by First Call/Thomson Financial.

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