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 CAPITAL CORP.
Jack D. Burstein, an officer, director and beneficial owner of American Capital Corp. of Washington, disposed of 40,500 common shares for an unreported price Nov. 28. Burstein holds 54,200 shares directly and 12,447,533 shares indirectly.
Thomas H. Chero, an officer of Avemco Corp. of Frederick, Md., privately sold 13,600 common shares at $24.50 each Nov. 30. He now holds 5,300 shares directly.
Robert F. Comstock, a director of Baltimore Bancorp. of Baltimore, bought 5,000 common shares at $4.88 each Nov. 16, increasing his direct holding to 25,500 shares. Director Rodney G. Stieff bought 1,000 common shares at $4.25 each Nov. 27, and now owns 5,100 shares directly and 200 shares indirectly.
Toby S. Wilt, a director of C&S/Sovran Corp. of Norfolk, gave a 1,000 common-share gift Nov. 20. Wilt owns 263,435 shares directly and 32,425 shares indirectly.
Joseph C. Fox, president of Chesapeake Corp. of Richmond, bought 1,000 common shares at $13 Nov. 1. Fox holds 102,521 shares directly and 23,471 shares indirectly.
CLARK MELVIN SECURITIES CORP.
Azimuth Capital Corp., a beneficial owner of Clark Melvin Securities Corp. of Annapolis, bought 1 million common shares Dec. 13 at 17 cents each. Azimuth Capital controls 3,002,400 shares directly.
COMMUNITY BANKSHARES INC.
William S. Fenollosa, a director of Community Bankshares Inc. of Petersburg, Va., sold 1,000 common shares at $2.75 each Nov. 27. He owns 999 shares directly and 333 shares indirectly.
CROP GENETICS INTERNATIONAL N.V.
Ann Crittenden, a shareholder of Crop Genetics International N.V. of Hanover, Md., disposed of 19,800 common shares for an undisclosed amount Oct. 23. Crittenden holds 5,900 shares directly.
Paul N. Temple, chairman of Rosslyn-based Enercap Corp., privately sold 5,312,435 common shares at 19 cents to $1 each Sept. 11 through Nov. 16 and gave a 160,000 common-share gift Sept. 16. Temple controls 3,450,333 shares directly and 2,348,899 shares indirectly.
C. William B. Snyder, chairman of Geico Corp. of Washington, sold 1,000 common shares at $162.75 each Dec. 14. Snyder owns 43,354 shares directly and 2,000 shares indirectly.
GENERAL KINETICS INC.
Steven A. Rogers, a vice president of Rockville-based General Kinetics Inc., acquired 96,428 common shares through exchanges at an undisclosed amount Oct. 4, bringing his direct holding to 98,428 shares.
INVESTORS FINANCIAL CORP.
Steven C. Delaney, president of Richmond-based Investors Financial Corp., bought 13,400 common shares at 69 cents each Dec. 12 through Dec. 14. He holds 50,047 shares directly and 6,730 shares indirectly.
Director Craig R. Stapleton privately sold 127,828 common shares at $1 each Dec. 14, and now owns 47,190 shares directly and 59,363 shares indirectly.
HORIZON FINANCIAL SERVICES INC.
Dennis J. Ibold, a director of Richmond-based Horizon Financial Services Inc., bought 1,000 common shares at $7.50 each Nov. 21. He hold 21,344 shares directly.
JAMES RIVER CORP.
James River Corp. Stock Purchase Plan and Sovran Bank N.A., beneficial owners of Richmond-based James River Corp., each bought 352,577 common shares at $19.08 to $25.50 each Nov. 8 through Nov. 30 at undisclosed prices and acquired 1,093 common shares at undisclosed prices Nov. 9. The plan controls 10,003,168 shares directly, while Sovran holds 8,472,303 shares directly and 1,003,168 shares indirectly.
Ronald L. Singer, a vice president, sold 8,419 common shares at $23 each Nov. 27. He holds 34,159 shares directly and 924 shares indirectly.
Lawrence S. Morrow, a shareholder of James River Corp. of Richmond, acquired 3,092 common shares through a plan at an unreported price Nov. 14. Morrow now holds 14,358 shares directly and 792 shares indirectly.
LITTLEFIELD, ADAMS & CO.
G. William Fleming, a director of Littlefield, Adams & Co. of Roanoke, bought 10,000 common shares at 25 cents each Dec. 4. Fleming owns 25,000 shares direct- ly and 6,000 shares indirectly.
Max C. Chapman Jr., a shareholder of O'Sullivan Corp. of Winchester, Va., bought 4,000 common shares at $8.50 to $8.63 each Nov. 20 through Nov. 27. He holds 27,702 shares directly.
PULASKI FURNITURE CORP.
William R. Kennedy, an officer of Pulaski Furniture Corp. of Pulaski, Va., acquired 4,000 common shares through a plan, and disposed of 3,317 common shares for undisclosed prices Nov. 14. Kennedy holds 42,885 shares directly and 4,625 shares indirectly.
Bernard C. Wampler, president, acquired 1,472 common shares through a plan at $17.01 each, and gave a 1,000 common-share gift Nov. 12. Wampler owns 103,866 shares directly and 794 shares indirectly.
Anthony W. Deering, a vice president of Rouse Co. of Columbia, Md., acquired 50,000 common shares through a plan at unreported prices Nov. 29. Deering holds 212,468 shares directly and 116,279 shares indirectly.
TVX BROADCAST GROUP INC.
William E. Allaun Jr., a director of TVX Broadcast Group Inc. of Virginia Beach, gave a 5,200 common-share gift Sept. 14, and sold 25,000 common shares at $9 each Oct. 18. He owns 74,078 shares directly and 25,792 shares indirectly.
James V. Harrington, a vice president of Baltimore-based USF&G Corp., bought 2,000 common shares at $8.25 each Nov. 28. Harrington holds 9,834 shares directly and 2,082 shares indirectly.
James M. Raley Jr., a vice president, bought 3,000 common shares at $8.63 each Nov. 28. He holds 8,848 shares directly.
UNIVERSAL SECURITY INSTRUMENTS INC. Michael Kovens, an officer and director of Universal Security Instruments Inc. of Owings Mills, Md., bought 21,000 common shares at $1.22 to $1.28 each Nov. 5 through Nov. 6. Kovens controls 513,884 shares directly and 211,587 shares indirectly.