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 local companies were compiled by States News Service from reports to the Securities and Exchange Commission. AGNICO-EAGLE MINES LTD. Mikey Drutz, a director of Agnico-Eagle Mines Ltd. of Bethesda, sold 200,000 common shares at $5.63 to $7.25 each Oct. 12 through Oct. 23, dropping his direct holdings to 194,190 shares.AMERICAN WOODMARK CORP. Donald P. Mathias, an officer, director and beneficial owner of American Woodmark Corp. of Winchester, Va., disposed of 80,000 common shares through exchanges for undisclosed amounts Oct. 1.

Mathias owns 424,156 shares directly and 307,040 shares indirectly.BTR REALTY INC. Chairman Archibald E. Mackay of BTR Realty Inc. of Linthicum, Md., purchased 16,726 common shares Oct. 10 at $3 each and now owns 16,726 shares directly.CIRCUIT CITY STORES INC. James N. Gillum, a vice president of Circuit City Stores Inc. of Richmond, exercised options to purchase 3,000 common shares at $11.44 each Oct. 4, to bring his direct holding to 50,246 shares.CFS FINANCIAL CORP. Hugh C. Cregger Jr., a director of Fairfax-based CFS Financial Corp., purchased 5,000 common shares at $5.50 each Oct. 19. He owns 19,944 shares directly and 5,111 shares indirectly.

James L. Patton, also a director, purchased 1,000 common shares Oct. 11 at $6.50 each, and currently holds 5,889 shares directly and 3,889 shares indirectly.CLARK MELVIN SECURITIES CORP. Lawrence T. Lewis III, president of Clark Melvin Securities Corp. of Annapolis, disposed of 808,252 common shares Sept. 17 at undisclosed prices. Lewis controls 2,563,868 shares directly and 65,904 shares indirectly.CRESTAR FINANCIAL CORP. Robert F. Norfleet Jr., a divisional officer of Crestar Financial Corp. of Richmond, purchased 3,500 common shares at $13.88 each Oct. 17.

Norfleet holds 7,160 shares directly and 9,123 shares indirectly.F&M BANCORP Michael M. Cooney, a vice president of F&M Bancorp of Frederick, Md., exercised options to purchase 2,860 common shares Oct. 18 at $6.20 each.

He currently owns 17,539 shares directly and 4,960 shares indirectly.FIDELITY BANCSHARES INC. William R. Bruce, a director of Fidelity Bancshares Inc. of Norfolk, purchased 1,000 common shares at $15 each Oct. 22.

Bruce holds 7,000 shares directly.GROUP 1 SOFTWARE INC. Robert S. Bowen, chairman of Group 1 Software Inc. of Greenbelt, purchased 1,500 common shares at $5.75 each Oct. 4.

Bowen owns 15,000 shares directly.

John Spohler, an affiliate, purchased 1,000 common shares Oct. 4, also at $5.75 each, and now holds 19,500 shares directly and 10,750 shares indirectly.HADRON INC. D. Ross Hamilton, a director of Hadron Inc. of Fairfax, purchased 50,000 common shares at 28 cents each Oct. 3.

He currently holds 42,000 shares directly and 50,000 shares indirectly.JAMES MADISON LTD. G. Maurice Dufour, a director of James Madison Ltd. of Washington, sold 6,000 class A common shares at $2.50 to $3.50 each Oct. 4 to bring his direct class A holdings to 22,316 shares.JEFFERSON BANKSHARES INC. Director W.A. Rinehart III of Jefferson Bankshares Inc. of Charlottesville purchased 1,000 common shares at $5.25 each Oct. 22.

He owns 11,000 shares directly and 22,043 shares indirectly.MARTIN MARIETTA CORP. Robert W. Powell Jr., a vice president of Bethesda-based Martin Marietta Corp., sold 2,680 common shares Oct. 10 at $39.88 each, to drop his direct holdings to 42 shares.MERCANTILE BANKSHARES CORP. Edward K. Dunn Jr., an officer and director at Mercantile Bankshares Corp. of Baltimore, purchased 5,000 common shares at $15.50 each Oct. 17.

Dunn holds 30,000 shares directly and 14,404 shares indirectly. MICROLOG CORP. Robert E. Gray Jr., a director of Microlog Corp. of Germantown, purchased 2,520 common shares Oct. 25 at $2.25 each and now owns 10,520 shares directly.RICHFOOD HOLDINGS INC. James C. Wheat Jr., a director of Richmond-based Richfood Holdings Inc., purchased 5,000 class A common shares at $7.81 each Oct. 16, to bring his direct class A holdings to 27,000 shares.ROUSE CO. Several vice presidents of the Rouse Co. of Columbia have purchased company common stock:

Richard B. Armiger, who bought 3,000 shares at $11.75 each Oct. 17 to bring his direct holding to 16,500 shares.

Ronald C. Wickwire, who bought 2,000 shares at $11.50 each Oct. 12 and now owns 39,005 shares directly.

Perry C. Page, who bought 10,000 shares Oct. 12 at $11.25 each and now owns 74,500 shares directly.