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.

BANK MARYLAND CORP.

Charles A. Miller Jr., a director of Bank Maryland Corp. of Towson sold 1,200 common shares at $10 per share Aug. 8 and now owns 16,990 shares directly and 1,000 shares indirectly.

CENTURY BANCSHARES INC.

Bernard J. Cravath, a director of Washington-based Century Bancshares Inc. bought 1,000 common shares at $2.50 each July 27. Cravath holds 34,702 shares directly and 1,000 shares indirectly.

CHAMPIONS SPORTS INC.

Andrew F. Oehmann, a director of Falls Church-based Champions Sports Inc., sold 2,500,000 common shares July 31 at 2 cents each. He controls 35,090,000 common shares directly and 100,000 common shares indirectly.

CHESAPEAKE CORP.

Charles S. Cianciola, a divisional officer of Richmond-based Chesapeake Corp., exercised options for the purchase of 3,300 common shares July 11 at $12.21 each and currently holds 5,240 shares directly.

CRESTAR FINANCIAL CORP.

George T. Stewart, III, a director of Crestar Financial Corp. of Richmond, bought 2,000 common shares at $19 each Aug. 8. He owns 3,200 shares directly and 14,911 shares indirectly.

HOLLYWOOD PARK REALTY ENTERPRISES INC.

Michael Finnigan, vice president of Hollywood Park Realty Enterprises Inc. of Lanham, acquired 8,333 common shares July 9 at an undisclosed price and now holds 8,333 common shares directly.

JAMES MADISON LTD.

Morton I. Funger, a director of Washington-based James Madison Ltd., purchased 18,000 common shares at $5 each July 19. Funger controls 50,678 common shares directly and 30,906 common shares indirectly.

Stuart B. Cohen, vice president, purchased 4,000 class A common shares at $3 each July 25 and now owns 10,000 class A common shares directly.

Henry H. Goldberg, a shareholder of James Madison Ltd. of Washington, privately purchased 8,523 common shares July 26 at $5 per share and controls 229,865 common shares directly.

KAY JEWELERS INC.

Anthonie C. Vanekris, chairman of the board of Kay Jewelers Inc. of Alexandria, sold 60,000 common shares Aug. 1 at $13 to $13.25 each and presently controls 285,304 shares directly and 15,000 shares indirectly.

MARKEL CORP.

Gary L. Markel, a director of Markel Corp. of Glen Allen, sold 2,000 common shares at $20.50 each July 17 and now owns 384,283 shares directly.

MARRIOTT CORP

Paul T. Reed, a vice president of Bethesda-based Marriott Corp., sold 24,585 common shares July 30 at $20.50 each and holds 16,999 shares directly and 6,705 shares indirectly.

Sterling D. Colton, also a vice president, gave a gift of 3,867 shares July 20 and now owns 34,974 shares directly.

MARYLAND FEDERAL BANCORP INC.

Robert H. Halleck, president of Hyattsville-based Maryland Federal Bancorp Inc., acquired 1,113 common shares through a plan at $6.38 each July 31 and owns 13,111 common shares directly.

MCCORMICK & CO.

John P. Thompson, vice president of McCormick & Co. of Hunt Valley, Md., exercised options to purchase 8,080 class V common shares at $4.83 each July 5 and now controls 20,384 class V shares directly.

Karen D. Weatherholtz, also a vice president, exercised options to purchase 3,326 class V common shares July 6 at $11.00 each. She controls 3,326 class V common shares directly.

MID ATLANTIC MEDICAL SERVICES INC.

Kline A. Price Jr., a director of Mid Atlantic Medical Services Inc. of Rockville, purchased 7,400 common shares at $16.25 to $16.75 each July 16 through July 17 and now owns 15,970 common shares directly and 16,400 common shares indirectly.

Several other directors sold common stock. They are:

Horace W. Bernton, who sold 25,000 shares at $12 to $18 each July 5 through July 20. He owns 51,162 shares directly and 43,000 shares indirectly.

Stanley M. Dahlman, 2,000 shares at $10 each July 2. He holds 13,000 shares directly.

Peter L. Flaherty Jr., 10,000 shares at $15 each July 20. He owns 218,814 shares directly.

John L. Ford, 12,000 shares at $11.75 to $15.50 each July 5 through July 16. He holds 187,452 shares directly and 2,636 shares indirectly.

NOVA PHARMACEUTICAL CORP.

Hans Mueller, president of Baltimore-based Nova Pharmaceutical Corp., acquired 5,000 common shares at $1 each July 20. Mueller owns 45,750 common shared directly and 500 common shares indirectly.

PERPETUAL FINANCIAL CORP.

Charles W. Lockyer Jr., an officer of a subsidiary of Perpetual Financial Corp., purchased 2,400 common shares at $1.63 each Aug. 20. He holds 23,253 shares directly and 1,000 shares indirectly.

PHARMAKINETICS LABORATORIES INC.

Mark B. Perkal, an officer and director of Baltimore-based PharmaKinetics Laboratories Inc., received and gave gifts of 1,000 common shares June 14 and now owns 223,998 shares directly.

PHP HEALTHCARE CORP.

Clarence G. Vatne, a shareholder of PHP Healthcare Corp. of Alexandria, sold 1,800 common shares at $12.50 each July 30 and currently owns 600 shares directly.

RAC MORTGAGE INVESTMENT CORP.

John S. Davenport, a vice president of Columbia, Md.-based RAC Mortgage Investment Corp., purchased 11,300 common shares at $4.50 to $4.63 each July 24 through July 31. Davenport owns 11,800 shares directly.

SAGE SOFTWARE INC.

Arthur Marks, a director of Rockville-based Sage Software Inc., disposed of 183,000 common shares July 30 for an undisclosed amount. Marks owns 707 shares directly and 67,450 shares indirectly.

THE WASHINGTON POST CO.

George J. Gillespie III, a director of The Washington Post Co., gave gifts of 8,000 class B common shares June 25 through June 28. He currently holds 6,000 class B shares directly and 6,000 class B shares indirectly.

TREDEGAR INDUSTRIES INC.

John D. Gottwald, president of Tredegar Industries Inc. of Richmond, purchased 4,500 common shares at $11.54 to $12.88 each July 6 through July 31. Gottwald presently holds 99,463 common shares directly and 15,440 common shares indirectly.

TULTEX CORP.

C. Watson Lawhon, a director of Tultex Corp. of Martinsville, Va., sold 10,000 common shares at $9.25 each July 23 and currently holds 81,470 common shares directly.

STAR TECHNOLOGIES INC.

Alan O. Maxwell, a director of Star Technologies Inc. of Sterling, acquired 203,000 common shares through a plan at an undisclosed price each July 31. Maxwell controls 921,000 shares directly and 3,000 shares indirectly.

RYLAND GROUP INC.

John O. Wilson, a director of Ryland Group Inc. of Columbia, purchased 2,500 common shares at $12.50 each Aug. 16 and presently owns 3,000 shares directly.

TVX BROADCAST GROUP INC.

Paramount Communications Inc., a beneficial owner of TVX Broadcast Group Inc. of Virginia Beach, acquired 1,133,297 common shares through an exchange July 10 at an unreported price and 1,045,836 class B common shares July 9 at $7.50 per share. Paramount Communications currently controls 6,036,002 common shares indirectly and 1,045,836 class B common shares directly.

USAIR GROUP INC.

John G. Medlin Jr., a director of Arlington-based USAir Group Inc., purchased 1,000 common shares at $21.50 each Aug. 1 and now owns 2,000 shares indirectly.