A series of transactions ascribed to Marriott Chairman and Chief executive J. Willard Marriott in last week's Insider Transactions column did not involve cash trades of Marriott stock, Mariott Corp. said. Rather, the transactions involved transfers of Mariott stock among various trusts held by the family and did not reflect sales on the open market, the company said. (Published 8/6/90)
Insider Transactions is a weekly report of stock transactions involving officers and directors of publicly owned local companies.
Stock trading by corporate insiders often is a bellwether of corporate health. Most insiders buy stock or exercise options to make a profit. And insiders may be selling stock for tax reasons, estate planning or cash needs.
The following insider transactions involving companies in the Washington, Baltimore and Richmond areas were compiled by States News Service from reports to the Securities and Exchange Commission. AMERICAN NATIONAL BANKSHARES INC.
Ambro & Co., a beneficial owner of American National Bankshares of Danville, Va, acquired 1,308 common shares June 26 for an undisclosed amount, and holds 354,118 common shares indirectly.CIRCUIT CITY STORES INC.
Walter E. Bruckart, a vice president of Richmond-based Circuit City Stores, acquired 15,000 shares June 19 for an undisclosed price. Bruckart holds 132,992 shares directly.
Michael T. Chalifoux, a vice president, acquired 5,000 shares June 19 for an undisclosed price. Chalifoux controls 21,278 shares directly.DANAHER CORP.
Mitchell P. Rales, an officer, director and beneficial owner of Danaher Corp. of Washington, acquired more than 1.7 shares through an exchange June 7 for an undisclosed price. Rales controls 1.3 million shares directly and more than 1.2 million shares indirectly.
Patrick W. Allender, an officer, acquired 37,227 shares in an exchange June 7 for an undisclosed price. He holds 47,227 shares directly.DOMINION BANKSHARES CORP.
Daniel A. Becker, a vice president of Dominion Bankshares of Roanoke, acquired 1,000 shares June 18 and disposed of an equal number the same day for undisclosed prices. Becker holds 1,628 shares directly and 317 shares indirectly.EASCO HAND TOOLS INC.
Several executives of Easco Hand Tools of Hunt Valley disposed of their holdings on June 7 for undisclosed prices: Chairman Mitchell P. Rales disposed of more than 6 million common shares through exchanges. Patrick W. Allender, a director, disposed of 89,168 shares. Wayne M. Myer, a vice president, disposed of 213,000 shares. G. Harvey Porter, a vice president, disposed of 236,759 shares.HEILIG-MEYERS CO.
George A. Thornton III, a director of Heilig-Meyers of Richmond, sold 5,000 common shares June 6 for $26.13 each. Thornton owns 109,173 common shares directly.IMMUCOR INC.
Michael C. Poynter, a shareholder of Immucor of Richmond, sold 4,000 common shares June 4 for $14.63 each, and now holds 5,928 common shares directly.JAMES MADISON LTD.
Ralph J. Tyser, a director of James Madison Ltd. of Washington, bought 25,000 class A common shares July 12 for $2.75 to $3.12 each. He holds 29,449 class A common shares directly.
Ulysses G. Auger, a director, bought 58,258 class A common shares July 12 for $2.75 to $3 each. Auger controls 880,397 class A common shares directly and 244 class A common shares indirectly.MARRIOTT CORP.
J. Willard Marriott Jr., chairman of Marriott Corp., gave 4,635 shares of the Bethesda company as a gift June 13, acquired 152,751 shares for an undisclosed price on June 27, and disposed of 622,200 shares, also at an undisclosed price, on the same date. Marriott holds more than 4.9 million shares directly and more than 3.7 million shares indirectly.PENRIL CORP.
John D. Phillips, a vice president of Penril Corp. of Gaithersburg, exercised options for 4,500 shares at $3.09 each on June 6. He now owns 7,613 shares directly and 500 shares indirectly. PERPETUAL FINANCIAL CORP.
Thomas J. Owen, chairman of Perpetual Financial of Vienna, disposed of 29,174 common shares in an exchange Feb. 14. Owen holds 239,183 shares directly and 85,118 shares indirectly.
Robert B. Evans, a director, sold 13,000 shares at $2 to $2.13 each from June 29 to July 9. He no longer owns any shares.REYNOLDS METALS CO.
Randolph N. Reynolds, an officer and director of Reynolds Metals, acquired 2,000 shares of the Richmond-based company June 4 and disposed of 8,000 shares on the same date, all at unreported prices. Reynolds holds 40,201 shares directly and 196,202 shares indirectly.SAGE SOFTWARE INC.
Richard A. Lefebvre, a director of Sage Software of Rockville, sold 1,998 shares on July 16 at $14.50 each and no longer owns any shares. SIGNET BANKING CORP.
Robert M. Freeman, chairman of Signet Banking of Richmond, bought 1,000 common shares July 18 for $19.13 each. Freeman owns 30,081 common shares directly and 14,592 common shares indirectly.TREDEGAR INDUSTRIES INC.
John D. Gottwald, president of Tredegar Industries of Richmond, bought 4,000 common shares from June 25 to June 28 for $12.15 to $12.29 each. Gottwald controls 93,863 common shares directly and 14,878 common shares indirectly.