UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No.________)*
American Community Properties Trust
--------------------------------------------------------
(Name of Issuer)
Common Shares, $.01 par value per share
--------------------------------------------------------
(Title of Class of Securities)
02520N106
--------------------------------------------------------
(CUSIP Number)
James Michael Wilson
Interstate Business Corporation
222 Smallwood Village Center
St. Charles, MD 20602
Telephone: (301) 843-7333
--------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
October 5, 1998
--------------------------------------------------------
Date of Event which Requires Filing of this Statement
If the filing person has previously filed a statement on Schedule 13G to
report the acquisition that is the subject of this Schedule 13D, and is
filing this schedule because of Section 240.13d-1(e), 240.13d-1(f) or
240.13d-1(g), check the following box / /.
NOTE: Schedules filed in paper format shall include a signed original and
five copies of the schedule, including all exhibits. See Section 240.13d-7
for other parties to whom copies are to be sent.
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which
would alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities
Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of
that section of the Act but shall be subject to all other provisions of the
Act (however, see the Notes).
(Continued on following page(s))
Page 1 of 18 Pages
<PAGE>
CUSIP No. 02520N106 13D Page 2 of 18 Pages
- --------------------------------------------------------------------------
(1) Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
James Michael Wilson
SSN ###-##-####
- --------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (a) [X]
(See Instructions) (b) [ ]
All reporting persons listed in (1) are members of group.
- --------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------
(4) Source of Funds (See Instructions)
00
- --------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e) [N/A]
- --------------------------------------------------------------------------
(6) Citizenship or Place of Organization
U.S. Citizen
- --------------------------------------------------------------------------
Number of Shares (7) Sole Voting Power
Beneficially Owned 86,397
by Each Reporting -------------------------------------------------
Person With (8) Shared Voting Power
21,350
-------------------------------------------------
(9) Sole Dispositive Power
86,397
-------------------------------------------------
(10) Shared Dispositive Power
21,350
- --------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
107,747
- --------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
(See Instructions)
- --------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
2.1%
- --------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
IN
- --------------------------------------------------------------------------
<PAGE>
<PAGE>
CUSIP No. 02520N106 13D Page 3 of 18 Pages
- --------------------------------------------------------------------------
(1) Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
Interstate Business Corporation
I.R.S. Identification Number: 52-1066133
- --------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (a) [X]
(See Instructions) (b) [ ]
All reporting persons listed in (1) are members of group.
- --------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------
(4) Source of Funds (See Instructions)
00
- --------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e) [N/A]
- --------------------------------------------------------------------------
(6) Citizenship or Place of Organization
Delaware
- --------------------------------------------------------------------------
Number of Shares (7) Sole Voting Power
Beneficially Owned 1,549,976
by Each Reporting -------------------------------------------------
Person With (8) Shared Voting Power
-0-
-------------------------------------------------
(9) Sole Dispositive Power
1,549,976
-------------------------------------------------
(10) Shared Dispositive Power
-0-
- --------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
1,549,976
- --------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
(See Instructions)
- --------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
29.8%
- --------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
CO
- --------------------------------------------------------------------------
<PAGE>
<PAGE>
CUSIP No. 02520N106 13D Page 4 of 18 Pages
- --------------------------------------------------------------------------
(1) Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
Wilson Securities Corporation
I.R.S. Identification Number: 66-0311591
- --------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (a) [X]
(See Instructions) (b) [ ]
All reporting persons listed in (1) are members of group.
- --------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------
(4) Source of Funds (See Instructions)
00
- --------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e) [N/A]
- --------------------------------------------------------------------------
(6) Citizenship or Place of Organization
Delaware
- --------------------------------------------------------------------------
Number of Shares (7) Sole Voting Power
Beneficially Owned 586,101
by Each Reporting -------------------------------------------------
Person With (8) Shared Voting Power
-0-
-------------------------------------------------
(9) Sole Dispositive Power
586,101
-------------------------------------------------
(10) Shared Dispositive Power
-0-
- --------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
586,101
- --------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
(See Instructions)
- --------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
11.3%
- --------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
CO
- --------------------------------------------------------------------------
<PAGE>
<PAGE>
CUSIP No. 02520N106 13D Page 5 of 18 Pages
- --------------------------------------------------------------------------
(1) Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
Wilson Family Limited Partnership
I.R.S. Identification Number: 52-1656345
- --------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (a) [X]
(See Instructions) (b) [ ]
All reporting persons listed in (1) are members of group.
- --------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------
(4) Source of Funds (See Instructions)
00
- --------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e) [N/A]
- --------------------------------------------------------------------------
(6) Citizenship or Place of Organization
Delaware
- --------------------------------------------------------------------------
Number of Shares (7) Sole Voting Power
Beneficially Owned See Item 5
by Each Reporting -------------------------------------------------
Person With (8) Shared Voting Power
See Item 5
-------------------------------------------------
(9) Sole Dispositive Power
See Item 5
-------------------------------------------------
(10) Shared Dispositive Power
See Item 5
- --------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
See Item 5
- --------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
(See Instructions)
- --------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
See Item 5
- --------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
PN
- --------------------------------------------------------------------------
<PAGE>
<PAGE>
CUSIP No. 02520N106 13D Page 6 of 18 Pages
- --------------------------------------------------------------------------
(1) Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
James J. Wilson
SSN ###-##-####
- --------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (a) [X]
(See Instructions) (b) [ ]
All reporting persons listed in (1) are members of group.
- --------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------
(4) Source of Funds (See Instructions)
00
- --------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e) [ X ]
- --------------------------------------------------------------------------
(6) Citizenship or Place of Organization
U.S. Citizen
- --------------------------------------------------------------------------
Number of Shares (7) Sole Voting Power
Beneficially Owned 15,289
by Each Reporting -------------------------------------------------
Person With (8) Shared Voting Power
-0-
-------------------------------------------------
(9) Sole Dispositive Power
15,289
-------------------------------------------------
(10) Shared Dispositive Power
-0-
- --------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
15,289
- --------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
(See Instructions)
- --------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
.3%
- --------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
IN
- --------------------------------------------------------------------------
<PAGE>
<PAGE>
CUSIP No. 02520N106 13D Page 7 of 18 Pages
- --------------------------------------------------------------------------
(1) Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
Barbara A. Wilson
SSN ###-##-####
- --------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (a) [X]
(See Instructions) (b) [ ]
All reporting persons listed in (1) are members of group.
- --------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------
(4) Source of Funds (See Instructions)
00
- --------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e) [N/A]
- --------------------------------------------------------------------------
(6) Citizenship or Place of Organization
U.S. Citizen
- --------------------------------------------------------------------------
Number of Shares (7) Sole Voting Power
Beneficially Owned 50
by Each Reporting -------------------------------------------------
Person With (8) Shared Voting Power
-0-
-------------------------------------------------
(9) Sole Dispositive Power
50
-------------------------------------------------
(10) Shared Dispositive Power
-0-
- --------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
50
- --------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
(See Instructions)
- --------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
.0%
- --------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
IN
- --------------------------------------------------------------------------
<PAGE>
<PAGE>
CUSIP No. 02520N106 13D Page 8 of 18 Pages
- --------------------------------------------------------------------------
(1) Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
Kevin J. Wilson
SSN ###-##-####
- --------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (a) [X]
(See Instructions) (b) [ ]
All reporting persons listed in (1) are members of group.
- --------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------
(4) Source of Funds (See Instructions)
00
- --------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e) [N/A]
- --------------------------------------------------------------------------
(6) Citizenship or Place of Organization
U.S. Citizen
- --------------------------------------------------------------------------
Number of Shares (7) Sole Voting Power
Beneficially Owned 86,397
by Each Reporting -------------------------------------------------
Person With (8) Shared Voting Power
-0-
-------------------------------------------------
(9) Sole Dispositive Power
86,397
-------------------------------------------------
(10) Shared Dispositive Power
-0-
- --------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
86,397
- --------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
(See Instructions)
- --------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
1.7%
- --------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
IN
- --------------------------------------------------------------------------
<PAGE>
<PAGE>
CUSIP No. 02520N106 13D Page 9 of 18 Pages
- --------------------------------------------------------------------------
(1) Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
Elizabeth W. Weber
SSN ###-##-####
- --------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (a) [X]
(See Instructions) (b) [ ]
All reporting persons listed in (1) are members of group.
- --------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------
(4) Source of Funds (See Instructions)
00
- --------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e) [N/A]
- --------------------------------------------------------------------------
(6) Citizenship or Place of Organization
U.S. Citizen
- --------------------------------------------------------------------------
Number of Shares (7) Sole Voting Power
Beneficially Owned 86,397
by Each Reporting -------------------------------------------------
Person With (8) Shared Voting Power
-0-
-------------------------------------------------
(9) Sole Dispositive Power
86,397
-------------------------------------------------
(10) Shared Dispositive Power
-0-
- --------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
86,397
- --------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
(See Instructions)
- --------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
1.7%
- --------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
IN
- --------------------------------------------------------------------------
<PAGE>
<PAGE>
CUSIP No. 02520N106 13D Page 10 of 18 Pages
- --------------------------------------------------------------------------
(1) Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
Thomas B. Wilson
SSN ###-##-####
- --------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (a) [X]
(See Instructions) (b) [ ]
All reporting persons listed in (1) are members of group.
- --------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------
(4) Source of Funds (See Instructions)
00
- --------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e) [N/A]
- --------------------------------------------------------------------------
(6) Citizenship or Place of Organization
U.S. Citizen
- --------------------------------------------------------------------------
Number of Shares (7) Sole Voting Power
Beneficially Owned 86,397
by Each Reporting -------------------------------------------------
Person With (8) Shared Voting Power
-0-
-------------------------------------------------
(9) Sole Dispositive Power
86,397
-------------------------------------------------
(10) Shared Dispositive Power
-0-
- --------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
86,397
- --------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
(See Instructions)
- --------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
1.7%
- --------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
IN
- --------------------------------------------------------------------------
<PAGE>
<PAGE>
CUSIP No. 02520N106 13D Page 11 of 18 Pages
- --------------------------------------------------------------------------
(1) Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
Mary P. Wilson
SSN ###-##-####
- --------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (a) [X]
(See Instructions) (b) [ ]
All reporting persons listed in (1) are members of group.
- --------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------
(4) Source of Funds (See Instructions)
00
- --------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e) [N/A]
- --------------------------------------------------------------------------
(6) Citizenship or Place of Organization
U.S. Citizen
- --------------------------------------------------------------------------
Number of Shares (7) Sole Voting Power
Beneficially Owned 86,397
by Each Reporting -------------------------------------------------
Person With (8) Shared Voting Power
21,350
-------------------------------------------------
(9) Sole Dispositive Power
86,397
-------------------------------------------------
(10) Shared Dispositive Power
21,350
- --------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
107,747
- --------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
(See Instructions)
- --------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
2.1%
- --------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
IN
- --------------------------------------------------------------------------
<PAGE>
<PAGE>
CUSIP No. 02520N106 13D Page 12 of 18 Pages
- --------------------------------------------------------------------------
(1) Names of Reporting Persons/I.R.S. Identification Nos. of Above Persons
(Entities Only)
Brian J. Wilson
SSN ###-##-####
- --------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (a) [X]
(See Instructions) (b) [ ]
All reporting persons listed in (1) are members of group.
- --------------------------------------------------------------------------
(3) SEC Use Only
- --------------------------------------------------------------------------
(4) Source of Funds (See Instructions)
00
- --------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e) [N/A]
- --------------------------------------------------------------------------
(6) Citizenship or Place of Organization
U.S. Citizen
- --------------------------------------------------------------------------
Number of Shares (7) Sole Voting Power
Beneficially Owned 86,397
by Each Reporting -------------------------------------------------
Person With (8) Shared Voting Power
-0-
-------------------------------------------------
(9) Sole Dispositive Power
86,397
-------------------------------------------------
(10) Shared Dispositive Power
-0-
- --------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
86,397
- --------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares [ ]
(See Instructions)
- --------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
1.7%
- --------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions)
IN
- --------------------------------------------------------------------------
<PAGE>
<PAGE>
CUSIP No. 02520N106 13D Page 13 of 18 Pages
ITEM 1. SECURITY AND ISSUER
This Schedule 13D is related to the common shares, par value $.01 per share
("Common Shares") of American Community Properties Trust ("the Issuer"), a
Maryland real estate investment trust. The Issuer's principal executive
office is located at 222 Smallwood Village, St. Charles, MD 20602.
ITEM 2. IDENTITY AND BACKGROUND
This statement is submitted by James Michael Wilson, with a business
address of 222 Smallwood Village Center, St. Charles, Maryland 20602. Mr.
Wilson is employed by Interstate Business Corporation as its president and
American Community Properties Trust as its Chief Financial Officer at the
same address. Mr. Wilson has not, in the last five years, been convicted
in a criminal proceeding and has not, in the last five years, been a party
to a civil proceeding of a judicial or administrative body of competent
jurisdiction as a result of which he is or was subject to a judgment,
decree, or final order enjoining future violations of, or prohibiting or
mandating activities subject to, federal or state securities laws or
finding any violation with respect to such laws. Mr. Wilson is a U.S.
citizen.
This statement is submitted by Interstate Business Corporation ("IBC"), a
corporation organized under the laws of the State of Delaware. IBC's
principal business is real estate development and its principal business
and office address is 222 Smallwood Village Center, St. Charles, Maryland
20602. In the last five years, IBC has not been convicted in a criminal
proceeding or been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction as a result of which it is or
was subject to a judgment, decree, or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal
or state securities laws or finding any violation with respect to such
laws.
The name of each executive officer, director, and controlling person of IBC
is listed in Exhibit A. To the best of the knowledge of IBC, the
individuals listed in Exhibit A have not, in the last five years, been
convicted in a criminal proceeding and have not, in the last five years,
been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which they are or were subject to a
judgment, decree or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities
laws or finding any violation with respect to such laws.
This statement is submitted by Wilson Securities Corporation ("WSC"), a
corporation organized under the laws of the State of Delaware. WSC's
principal business is real estate development and its principal address is
222 Smallwood Village Center, St. Charles, Maryland 20602. In the last
five years, WSC has not been convicted in a criminal proceeding or been a
party to a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which it is or was subject to a
judgment, decree, or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities
laws or finding any violation with respect to such laws.
<PAGE>
CUSIP No. 02520N106 13D Page 14 of 18 Pages
The name of each executive officer, director, and controlling person of WSC
is listed in Exhibit B. To the best of the knowledge of WSC, the
individuals listed in Exhibit B have not, in the last five years, been
convicted in a criminal proceeding and have not, in the last five years,
been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which they are or were subject to a
judgment, decree, or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities
laws or finding any violation with respect to such laws.
This statement is submitted by Wilson Family Limited Partnership ("WFLP") a
limited partnership organized under the laws of the State of Delaware.
WFLP's principal business is financial investments and its principal
address is 222 Smallwood Village Center, St. Charles, Maryland 20602. In
the last five years, WFLP has not been convicted in a criminal proceeding
or been a party to a civil proceeding of a judicial or administrative body
of competent jurisdiction as a result of which it is or was subject to a
judgment, decree, or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities
laws or finding any violation with respect to such laws.
The name of each general partner of WFLP is listed in Exhibit C. To the
best of the knowledge of WFLP, the individuals listed in Exhibit C have
not, in the last five years, been convicted in a criminal proceeding and
have not, in the last five years, been a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction as a result of
which they are or were subject to a judgment, decree, or final order
enjoining future violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or finding any violation with
respect to such laws.
This statement is submitted by James J. Wilson, an individual and US
citizen, with a business address of 5160 Parkstone Drive, Suite 110,
Chantilly, VA 20151. Mr. James J. Wilson is employed by Interstate General
Company, L.P. as its Chairman. On February 29, 1996, James J. Wilson was
convicted of criminal violations of the U.S. clean Water Act in the U.S.
District Court for the District of Maryland. On December 23, 1997, the
U.S. Court of Appeals for the Fourth Circuit reversed the conviction and
remanded the matter to the District Court for a new trial. Mr. Wilson has
not, in the last five years, been a party to a civil proceeding of a
judicial or administrative body of competent jurisdiction as a result of
which he is or was subject to a judgment, decree, or final order enjoining
future violation of, or prohibiting or mandating activities subject to,
federal or state securities laws or finding any violation with respect to
such laws. Mr. Wilson is a U.S. Citizen.
This statement is submitted by Barbara A. Wilson, an individual, with a
business address of 222 Smallwood Village Center, St. Charles, Maryland
20602. Mrs. Wilson serves as a Director and Officer of Interstate Business
Corporation and Wilson Securities Corporation. Mrs. Wilson has not, in the
last five years, been convicted in a criminal proceeding and has not, in
the last five years, been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction as a result of which she is
or was subject to a judgment, decree, or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal
or state securities laws or finding any violation with respect to such
laws. Mrs. Wilson is a U.S. Citizen.
<PAGE>
CUSIP No. 02520N106 13D Page 15 of 18 Pages
This statement is submitted by Kevin J. Wilson, an individual, with a
business address of P.O. Box 3040, La Plata, Maryland 20646. Kevin J.
Wilson is employed by Community Homes, Inc. as its President. Kevin J.
Wilson has not, in the last five years, been convicted in a criminal
proceeding and has not, in the last five years, been a party to a civil
proceeding of a judicial or administrative body of competent jurisdiction
as a result of which he is or was subject to a judgment, decree, or final
order enjoining future violations of, or prohibiting or mandating
activities subject to, federal or state securities laws or finding any
violation with respect to such laws. Mr. Wilson is a U.S. Citizen.
This statement is submitted by Elizabeth W. Weber, an individual, with a
business address of 222 Smallwood Village Center, St. Charles, Maryland
20602. Elizabeth Weber is not employed. Elizabeth Weber has not, in the
last five years, been convicted in a criminal proceeding and has not, in
the last five years, been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction as a result of which it is or
was subject to a judgment, decree, or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal
or state securities laws or finding any violation with respect to such
laws. Ms. Weber is a U.S. Citizen.
This statement is submitted by Thomas B. Wilson, an individual, with a
business address of 222 Smallwood Village Center, St. Charles, Maryland
20602. Thomas B. Wilson is employed by Equus Gaming Company L.P. as a
President. Thomas B. Wilson has not, in the last five years, been
convicted in a criminal proceeding and has not, in the last five years,
been a party to a civil proceeding of a judicial or administrative body of
competent jurisdiction as a result of which he is or was subject to a
judgment, decree, or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities
laws or finding any violation with respect to such laws. Mr. Wilson is a
U.S. Citizen.
This statement is submitted by Mary Patricia Wilson, an individual, with a
business address of 222 Smallwood Village Center, St. Charles, Maryland
20602. Mary Patricia Wilson is employed by St. Charles Fitness Club, Inc.
as its President. Mary Patricia Wilson has not, in the last five years,
been convicted in a criminal proceeding and has not, in the last five
years, been a party to a civil proceeding of a judicial or administrative
body of competent jurisdiction as a result of which she is or was subject
to a judgment, decree, or final order enjoining future violations of, or
prohibiting or mandating activities subject to, federal or state securities
laws or finding any violation with respect to such laws. Ms. Wilson is a
U.S. Citizen.
This statement is submitted by Brian J. Wilson, an individual, with a
business address of 222 Smallwood Village Center, St. Charles, Maryland
20602. Brian J. Wilson is not employed. Brian J. Wilson has not, in the
last five years, been convicted in a criminal proceeding and has not, in
the last five years, been a party to a civil proceeding of a judicial or
administrative body of competent jurisdiction as a result of which he is or
was subject to a judgment, decree, or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal
or state securities laws or finding any violation with respect to such
laws.
<PAGE>
CUSIP No. 02520N106 13D Page 16 of 18 Pages
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
All Common Shares to which this statement relates were issued without
consideration in a spin-off distribution effected by Interstate General
Company L.P. ("IGC") on October 5, 1998. American Community Properties
Trust was a wholly-owned subsidiary of IGC prior to the transaction.
ITEM 4. PURPOSE OF TRANSACTION
All Common Shares to which this statement relates were issued without
consideration in a spin-off distribution effected by Interstate General
Company L.P. on October 5, 1998.
All reporting persons listed have no plans or proposals, presently, to
pursue transactions such as an acquisition or merger, a sale or transfer of
a material amount of assets of the issuer, a change in the board of
directors or management of the issuing entity, a material change in the
present capitalization or dividend policy of the issuer, or a change in the
issuer's organizational documents, or any other change in the issuer's
business or structure.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) (b) Exhibit D details the number and percentage of Comon Shares
beneficially owned by all reporting persons listed in Item 1. Exhibit D
also sets forth the number of Common Shares with respect to which each
reporting person has sole power to vote or to direct the vote, shared power
to vote or direct the vote, sole power to dispose or to direct the
disposition, or shared power to dispose or to direct the disposition.
(c) No reporting person has had any transactions related to the Common
Shares in the past sixty days other than initial acquisition of such shares
in the spin-off by Interstate General Company L.P.
(d) N/A
(e) N/A
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH
RESPECT TO SECURITIES OF THE ISSUER.
James J. Wilson is the husband of Barbara A. Wilson. James J. Wilson and
Barbara A. Wilson are the parents of James Michael Wilson, Kevin J. Wilson,
Elizabeth W. Weber, Thomas B. Wilson, Mary P. Wilson and Brian J. Wilson.
The reporting persons (or representatives thereof) periodically meet to
discuss matters relating to their ownership of Common Shares of American
Community Properties Trust and may from time to time act together with
respect to the voting or disposition of Common Shares. However, there is
no written agreement or arrangement among the reporting persons with
respect to the voting or disposition of Common Shares and, accordingly, the
reporting persons may not always act together with respect to Common
Shares.
<PAGE>
CUSIP No. 02520N106 13D Page 17 of 18 Pages
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
(a) Executive Officers and Directors of Interstate Business Corporation.
(b) Executive Officers and Directors of Wilson Securities Corporation.
(c) Wilson Family Limited Partnership.
(d) Interest in Securities of the Issuer.
(e) Joint Statement Agreement
<PAGE>
<PAGE>
CUSIP No. 02520N106 13D Page 18 of 18 Pages
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.
Date: October 15, 1998
INTERSTATE BUSINESS CORPORATION
/s/ James Michael Wilson By: /s/ James Michael Wilson
- ---------------------------------- -------------------------------
James Michael Wilson, Individually James Michael Wilson, President
WILSON SECURITIES CORPORATION
By: /s/ James Michael Wilson
------------------------------
James Michael Wilson, President
Wilson Family Limited Partnership
By: /s/ James Michael Wilson
-------------------------------------
James Michael Wilson, General Partner
/s/ James J. Wilson
- ----------------------------------------
James J. Wilson, Individually
/s/ Barbara A. Wilson
- ----------------------------------------
Barbara A. Wilson, Individually
/s/ Kevin J. Wilson
- ----------------------------------------
Kevin J. Wilson, Individually
/s/ Elizabeth W. Weber
- ----------------------------------------
Elizabeth W. Weber, Individually
/s/ Thomas B. Wilson
- ----------------------------------------
Thomas B. Wilson, Individually
/s/ Mary P. Wilson
- ----------------------------------------
Mary P. Wilson, Individually
/s/ Brian J. Wilson
- ----------------------------------------
Brian J. Wilson, Individually
<PAGE>
EXHIBIT A
OFFICERS AND DIRECTORS OF
INTERSTATE BUSINESS CORPORATION
OFFICERS
James Michael Wilson - President
Barbara A. Wilson - Vice President/Secretary
Thomas B. Wilson - Assistant Vice President/Treasurer
Kevin J. Wilson - Vice President
Mary Patricia Wilson - Vice President
Paula S. Biggs - Assistant Secretary
Pamela R. Polley - Assistant Secretary
Gretchen Gronau - Assistant Treasurer
DIRECTORS
James Michael Wilson
Barbara A. Wilson
Thomas B. Wilson
The business address of all of the above is 222 Smallwood Village Center,
St. Charles, Maryland 20602.
Each of the above is a U.S. Citizen.
EXHIBIT B
OFFICERS AND DIRECTORS OF
WILSON SECURITIES CORPORATION
OFFICERS
James Michael Wilson - President
Barbara A. Wilson - Vice President/Secretary
Thomas B. Wilson - Assistant Vice President/Treasurer
Paula S. Biggs - Assistant Secretary
Pamela R. Polley - Assistant Secretary
DIRECTORS
James Michael Wilson
Barbara A. Wilson
Thoms B. Wilson
The business address of all of the above is 222 Smallwood Village Center,
St. Charles, Maryland 20602.
Each of the above is a U.S. Citizen.
<PAGE>
EXHIBIT C
WILSON FAMILY LIMITED PARTNERSHIP
GENERAL PARTNERS
James Michael Wilson - 1% interest
Mary Patricia Wilson - 1% interest
The business address of all of the above is 222 Smallwood Village Center,
St. Charles, Maryland 20602.
Each of the above is a U.S. Citizen.
EXHIBIT D
INTEREST IN SECURITIES OF THE ISSUER
# OF ACPT % OF ACPT
SHARES SHARES VOTING DISPOSITIVE
OWNED OWNED POWER POWER
--------- --------- ------ -----------
James Michael Wilson 86,397 1.7% Sole Sole
21,350 (1) 0.4% Shared Shared
Interstate Business Corporation 1,549,976 29.8% Sole Sole
Wilson Securities Corporation 586,101 11.3% Sole Sole
Wilson Family L.P. 21,350 0.4% * *
James J. Wilson 15,289 0.3% Sole Sole
Barbara A. Wilson 50 0.0% Sole Sole
Kevin J. Wilson 86,397 1.7% Sole Sole
Elizabeth W. Weber 86,397 1.7% Sole Sole
Thomas B. Wilson 86,397 1.7% Sole Sole
Mary P. Wilson 86,397 1.7% Sole Sole
21,350 (1) 0.4% Shared Shared
Brian J. Wilson 86,397 1.7% Sole Sole
*See Footnote 1.
(1) Reporting person is a General Partner of The Wilson Family L.P. The
management and control of the business and affairs of the partnership
are vested jointly in the General Partners, thus reporting person
shares voting and dispositive power over Common Shares owned by Wilson
Family L.P.
<PAGE>
EXHIBIT E
JOINT STATEMENT AGREEMENT
Each of the undersigned hereby agrees that the Schedule 13D relating to the
Common Shares of American Community Properties Trust to which this
agreement is attached as an exhibit is filed on behalf of such person.
Dated: October 15, 1998
INTERSTATE BUSINESS CORPORATION
/s/ James Michael Wilson By: /s/ James Michael Wilson
- ---------------------------------- -------------------------------
James Michael Wilson, Individually James Michael Wilson, President
WILSON SECURITIES CORPORATION
By: /s/ James Michael Wilson
------------------------------
James Michael Wilson, President
Wilson Family Limited Partnership
By:/s/ James Michael Wilson
-------------------------------------
James Michael Wilson, General Partner
/s/ James J. Wilson
- ----------------------------------------
James J. Wilson, Individually
/s/ Barbara A. Wilson
- ----------------------------------------
Barbara A. Wilson, Individually
/s/ Kevin J. Wilson
- ----------------------------------------
Kevin J. Wilson, Individually
/s/ Elizabeth W. Weber
- ----------------------------------------
Elizabeth W. Weber, Individually
/s/ Thomas B. Wilson
- ----------------------------------------
Thomas B. Wilson, Individually
/s/ Mary P. Wilson
- ----------------------------------------
Mary P. Wilson, Individually
/s/ Brian J. Wilson
- ----------------------------------------
Brian J. Wilson, Individually
